secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0000353184-24-000112
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T subsidiary buys two A321-111 aircraft for >$18M, leases to Electra Airways
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- CASP Leasing I, LLC (95%-owned by Air T subsidiary Contrail) signed two purchase agreements for Airbus A321-111 aircraft.
- Total transaction value exceeds $18 million; closings projected for early September 2024.
- Aircraft will be leased to Electra Airways OOD under lease agreements effective upon purchase.
- Acquisition expands Contrail's aircraft leasing and parts business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000112/0000353184-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318424000112/airt-20240905.htm
  HTML page:      https://secwatch.observer/filing/0000353184-24-000112

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