Air T's Crestone Air Partners to acquire Arena Aviation Capital for over $35M

AIR T INC

Consideration in excess of $35M, subject to post-closing adjustments for debt and transaction expenses.
Combined platform to have ~124 aircraft, 17 engines, >$4B AUM, 55+ employees across 5 countries.
Arena brings seasoned team; CEO Kevin Milligan cites disciplined consolidation.
Crestone also evaluating potential sale of minority equity interest; no definitive agreement yet.
Closing subject to conditions and approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AIR T INC entered into Share Purchase Agreement with Arena Aviation Partners B.V. valued at in excess of 35 million (effective 2026-03-08).

Action: entry
Agreement: equity purchase
Counterparty: Arena Aviation Partners B.V.
Value: in excess of 35 million
Effective: 2026-03-08

Exact text from the filing

On March 8, 2026, Air T, Inc. (the “Company”), through Crestone Air Partners LLC (the “Purchaser” or “Crestone”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Arena Aviation Partners B.V. (“Arena”), the sellers party thereto (collectively, the “Sellers”), and Dirk Jan Smit, as Securityholders’ Agent, pursuant to which Purchaser agreed to acquire all of the outstanding shares of Arena.

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319 material agreements filed in the last 30 days. Browse all material agreements →

AIR T INC filing history →

Source: SEC EDGAR

accession 0000353184-26-000031

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