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.
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 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 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 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 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 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 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 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.
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 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 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 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