---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-25-000024"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T23:06:23.333020+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Air T subsidiary MAC acquires Royal Aircraft Services for $1.05M; funds via term loan

## Summary
- Mountain Air Cargo purchased all membership interests of Royal Aircraft Services, an aircraft painting, MRO, and parts supplier.
- $1.05M term loan from Alerus Financial; interest at greater of 5% or 1-month SOFR plus 2.25%.
- Term loan matures May 15, 2030; monthly principal payments of $12,500 plus accrued interest start June 15, 2025.
- Royal Aircraft added as borrower under existing Alerus credit agreement; Amendment No. 4 executed.
- Acquisition will be included within MAC division operations.

## SEC filing metadata
- accession: 0000353184-25-000024
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318425000024/0000353184-25-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318425000024/airt-20250521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-25-000024
- JSON: https://secwatch.observer/filing/0000353184-25-000024.json
- Plain text: https://secwatch.observer/filing/0000353184-25-000024.txt

## Key facts
- Debt Financings
  AIR T INC amended credit facility of Added Royal as a Borrower; term loan of $1,050,000 with Alerus Financial, National Association at not specified maturing not specified.
  - Instrument: credit facility
  - Principal: Added Royal as a Borrower; term loan of $1,050,000
  - Counterparty: Alerus Financial, National Association
  - Rate: not specified
  - Maturity: not specified
  - Event: amendment
  source text: National Association (“Alerus”) and Royal and Air T entered into Amendment No. 4 to Credit Agreement and Consent (the “Amendment”) and Term Loan C with Alerus in the amount of $1,050,000. The purpose of the Amendment and Term Note was to provide a term loan to finance the full purchase price of the acquisition, to add Royal as a Borrower to the Alerus credit
  evidence_url: https://www.sec.gov/Archives/edgar/data/353184/000035318425000024/0000353184-25-000024-index.htm
- Debt Financings
  AIR T INC incurred term loan of $1,050,000 with Alerus Financial, National Association at greater of 5% or CME one-month term SOFR rate plus 2.25% maturing May 15, 2030.
  - Instrument: term loan
  - Principal: $1,050,000
  - Counterparty: Alerus Financial, National Association
  - Rate: greater of 5% or CME one-month term SOFR rate plus 2.25%
  - Maturity: May 15, 2030
  - Event: incurrence
  source text: In connection with the acquisition, Air’Zona Aircraft Services, Inc., AirCo Services, LLC, CSA Air, Inc., Global Ground Support, LLC, Jet Yard, LLC, Jet Yard Solutions, LLC, Mountain Air Cargo, Inc., Stratus Aero Partners, LLC, Worldwide Aircraft Services, Inc., Worthington Aviation, LLC (the “Borrowers”) under the Revolving Credit Agreement with Alerus Financial, National Association (“Alerus”) and Royal and Air T entered into Amendment No. 4 to Credit Agreement and Consent (the “Amendment”) and Term Loan C with Alerus in the amount of $1,050,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/353184/000035318425000024/0000353184-25-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.