Highest-materiality recent filing
Air T proposes unregistered trust preferred securities offering for strategic acquisitions
Proposes unregistered offering of additional trust preferred securities to existing holders; terms, size, and timing not determined.
Air T, through Crestone, agreed to acquire Arena Aviation Partners for ~$20M cash plus contingent payments estimated >$10M, closing expected in ~2 months.
Director Travis Swenson resigns from Air T board to become CFO of recently acquired Rex
Director Travis Swenson resigned effective March 9, 2026.
Air T's Crestone Air Partners to acquire Arena Aviation Capital for over $35M
Consideration in excess of $35M, subject to post-closing adjustments for debt and transaction expenses.
Rex audited FY25 loss after tax of $114.6M; revenue $305.2M; net liabilities of $161.3M at June 30, 2025.
Air T enters new employment agreement with CFO Tracy Kennedy; base salary to rise to $397k by 2028
New agreement with CFO Tracy Kennedy (eff. Feb 27, 2026) sets base salary at $331k, rising to $360k (Jan 2027) and $397k (Jan 2028).
Air T posts Q3 operating loss of $3.8M; acquires Rex with $95.8M bargain gain
Revenue $71.1M (-9% YoY); operating loss $3.8M vs prior year income $1.4M; EPS $(0.91).
Air T files updated investor presentation for FY26 Q3; no material new data disclosed
Filed an updated investor presentation as of December 31, 2025, for FY26 Q3.
Air T announces AIRTP distribution dates for 2026-2027 at $0.50/share (8% p.a.)
Cash distributions on Alpha Income Preferred (AIRTP) set at $0.50 per share (8.0% per annum).
Air T adjusts CFO Tracy Kennedy's compensation with base salary increases up to 23% in 2026
CFO Tracy Kennedy receives base salary increases of 23% in 2026, 9% in 2027, and 10% in 2028, effective Jan 1, 2026.
Air T completes acquisition of Australian regional airline Rex for $1 plus ~A$108M liabilities
Acquired all outstanding stock of Regional Express Holdings (Rex) for $1 cash and assumption of ~A$108M liabilities; court-approved Dec 11, 2025.
Air T secures $6M term loan and $15M revolver from Alerus Financial
22.1 subsidiary obtains $6M term loan due Nov 2032 at greater of 5% or 1.9%+SOFR; proceeds repay $3.5M Bridgewater Bank loan.
Air T Q2 revenue falls 21% to $64.2M; EPS up to $1.61; eyes Rex acquisition
Revenue $64.2M (down 21% YoY); EPS $1.61 vs $0.91; operating income $5.5M vs $3.6M.
Air T updates investor presentation with no material new financial data
Investor presentation updated as of September 30, 2025; no earnings or guidance changes disclosed.
Air T receives Rex creditor approval for acquisition; court OK expected by year-end 2025
Majority of Rex creditors (in number and value) voted in favor of Air T's bid at second meeting on Nov 11, 2025.
Air T agrees to acquire Regional Express Holdings (Rex) in Australian regional airline deal
Sale and Implementation Deed signed with court-appointed administrators of Rex.
Air T amends credit agreements: revolver upsized to $20M, covenants streamlined, overline eliminated
Revolving credit commitment increased to $20M; maturity extended to August 28, 2027.
Air T stockholders elect all director nominees, approve say-on-pay, increase preferred shares
All six director nominees elected with over 2M votes for each; broker non-votes ~436,436.
Air T Q1 revenue up 7% to $70.9M; GGS segment revenue surges 105% to $15.1M
Revenue $70.9M (+7% YoY); operating income $0.4M vs -$0.6M prior year.
Air T furnishes updated investor presentation; no material financial details disclosed
Updated PowerPoint presentation furnished as Exhibit 99.1 as of June 30, 2025.
Air T subsidiary completes sale of two Airbus aircraft for over $18M
CASP Leasing I, LLC sold two Airbus (A321-111 and A320-214) aircraft with engines.
Air T provides updated investor presentation for FY25 Q4; no material financial details
Company furnished an updated investor presentation dated March 31, 2025.
Air T reports FY2025 revenue up 2% to $291.9M; adjusted EBITDA up 19% to $7.4M
Revenue $291.9M (up $5M YoY); operating income $1.9M vs $1.3M.
Air T subsidiary agrees to sell two Airbus aircraft to FTAI for aggregate >$25M
CASP Leasing I (95%-owned subsidiary) entered two sale agreements to sell an A320-214 and an A321-111.
Air T subsidiary AAM 24-1 issues up to $100M 8.5% senior secured notes due 2035
New Multiple Advance Note replaces prior $30M notes; 8.5% interest, semi-annual, matures May 31, 2035.
Air T subsidiary MAC acquires Royal Aircraft Services for $1.05M; funds via term loan
Mountain Air Cargo purchased all membership interests of Royal Aircraft Services, an aircraft painting, MRO, and parts supplier.
Air T furnishes updated investor presentation; no specific financial updates disclosed
Updated investor presentation as of December 31, 2024 furnished as Exhibit 99.1.
Company furnished updated investor deck and Mountain Air Cargo business unit case study as exhibits.
Added $3,000,000 overline revolving loan with Alerus, maturing October 31, 2025; interest at greater of 5% or SOFR + 2%.
Air T subsidiary Mountain Air Cargo enters $2.28M term loan with Bank of America, repays Alerus debt
$2.28M variable-rate term loan from Bank of America, matures Feb 21, 2030; monthly principal installments of $9,500.
Air T Q3 revenue $77.9M (+22%), Adjusted EBITDA $2.7M vs -$0.1M loss
Revenue $77.9M (+22% YoY); operating income $1.8M vs -$1.6M loss.
Company filed an updated investor presentation as of December 31, 2024, for FY25 Q3.
Air T extends revolving credit facility maturity to August 28, 2026 via Amendment No. 1
Amendment No. 1 extends revolving credit term from February 28, 2026 to August 28, 2026 (6-month extension).
Air T reports Q2 FY2025 EPS $0.91 vs loss $0.57; revenue $81.2M up 3% YoY
Revenue $81.2M (+3% YoY); operating income $3.9M vs $0.8M; net income attributable $2.3M vs loss $0.7M.
Air T, Inc. updates investor presentation for FY25 Q2 period
Filed an updated PowerPoint investor presentation as of September 30, 2024 under Exhibit 99.1.
Air T upsizes senior secured notes to $30M at 8.5% with Honeywell investors
Issuer AAM 24-1, LLC issued $30M 8.5% senior secured notes due March 1, 2031 to Honeywell funds.
Kennedy, previously interim principal financial officer and CAO, became permanent CFO effective October 16, 2024.
CASP Leasing I (95%-owned) bought an A320 and A321 for over $18 million on Sept 12, 2024.
Air T subsidiary buys two A321-111 aircraft for >$18M, leases to Electra Airways
CASP Leasing I, LLC (95%-owned by Air T subsidiary Contrail) signed two purchase agreements for Airbus A321-111 aircraft.
Air T enters $14M secured credit facility with Alerus Financial, replaces prior debt
New $14M revolving credit facility plus $10.72M Term Note A and $2.28M Term Note B.
Air T reports stockholder voting results from 2024 Annual Meeting
All seven director nominees elected; votes for ranged from 1,874,210 to 2,086,062 against withheld 1,337-213,182.
Air T updates investor presentation for FY25 Q1; no material changes disclosed
Filed updated PowerPoint presentation as of June 30, 2024, for potential investor groups.
Air T CFO Brian Ochocki resigns effective Sep 3, 2024; Tracy Kennedy named interim CFO
Brian Ochocki departs to become CFO of a local company he admires; no disagreements with Air T.
Air T furnishes updated FY2024 Q4 investor presentation
Updated PowerPoint presentation as of March 31, 2024 furnished as Exhibit 99.1.
Air T subsidiary CAS redeems 16% of CEO's interest for $4.57M plus earnout
CAS will redeem 16% of Joe Kuhn’s 21% membership interest for $4.57M via secured subordinated note.
the Company will appoint Tracy Kennedy, the Company’s Chief Accounting Officer, to assume the duties of principal financial officer of the Company effective September 3, 2024.
Brian Ochocki will resign as Chief Financial Officer of the Company effective as of September 3, 2024.
Max materiality 0.85 · Median 0.55 · Most common event other_material