Air T INC 8-K filings

Air T, Inc. has amended its revolving credit agreement with Alerus Financial, adding a $3 million overline note to cover seasonal borrowing needs and releasing certain borrowers from loan obligations.

Mountain Air Cargo, a subsidiary of Air T, Inc., obtains a $2.28 million term loan from Bank of America to refinance existing debt and improve financial flexibility.

Air T, Inc. provides an update on its FY25 Q3 performance and outlines its growth strategies in an investor presentation.

Air T, Inc. announces a 22% increase in revenue and a significant improvement in operating income for the third quarter of fiscal year 2025, driven by growth across its core segments.

Air T, Inc. has extended its revolving credit agreement with Alerus Financial, National Association, by six months to August 28, 2026.

Air T, Inc. released an updated investor presentation detailing its financial performance through September 30, 2024, and outlining its strategic growth plans.

Air T, Inc. announced a significant increase in operating income and adjusted EBITDA for the second quarter of fiscal year 2025, primarily driven by strong performance in its aviation parts trading business.

Air T, Inc. has permanently appointed Tracy Kennedy as its Chief Financial Officer, effective October 16, 2024, after an extensive search.

Air T, Inc. has entered into a second note purchase agreement with Honeywell, increasing its secured debt to $30 million and amending the terms of the original financing.

Air T's subsidiary, CASP Leasing I, LLC, finalized a $10 million loan to fund the purchase of two Airbus aircraft, an A320 and an A321.

Air T's subsidiary, CASP Leasing I, LLC, has entered into agreements to purchase two Airbus aircraft for over $18 million, with lease agreements to follow.

Air T Inc. and twelve of its subsidiaries have entered into a new credit agreement with Alerus Financial, securing a $14 million revolving credit facility and $13 million in term loans.

Air T, Inc. held its 2024 Annual Meeting of Stockholders on August 21, 2024, where directors were elected, executive compensation was approved, and the company's auditor was ratified.

Air T, Inc. released an updated investor presentation detailing its Q1 FY25 financial results, segment performance, and strategic growth plans.

Air T, Inc. has announced the resignation of its Chief Financial Officer, Brian Ochocki, effective September 3, 2024, and the appointment of Tracy Kennedy as interim principal financial officer.

Air T, Inc. reported a 16% revenue increase for fiscal year 2024, driven by growth in its Commercial Jet Engines and Parts and Overnight Air Cargo segments, while also outlining its strategic growth plans.

Contrail Aviation Support, a subsidiary of Air T, Inc., has agreed to redeem a 16% membership interest from its CEO, Joe Kuhn, for $4.57 million plus potential earnouts, and established a future put/call option for the remaining 5% stake.

Air T, Inc. and Air T Funding have entered into an agreement with Ascendiant Capital Markets to sell up to $8 million of Alpha Income Preferred Securities through an at-the-market offering.

Air T, Inc. has received approval to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective April 8, 2024.

Air T, Inc. released an updated investor presentation highlighting a 24% revenue increase year-to-date for FY24, along with strategic growth plans.

Air T, Inc. released an updated investor presentation highlighting its financial performance, growth strategies, and risk factors.

Contrail Aviation Support, a subsidiary of Air T, Inc., has entered into a $10 million loan agreement to finance the purchase of aircraft engines.

Air T, Inc.'s board of directors approved amended bylaws, modifying advance notice procedures, reducing the required vote for special meetings, and adding a foreign ownership limitation.

Air T, Inc. has successfully closed a $15 million private debt transaction to support strategic growth initiatives and pay down existing debt.

Air T, Inc. and its subsidiary AAM 24-1, LLC have entered into a Note Purchase Agreement with Honeywell for $15 million in senior secured notes to fund strategic investments and debt repayment.

Air T, Inc. received a notice from Nasdaq for not meeting the minimum stockholder equity requirement and alternative listing standards, primarily due to its history of stock buybacks.

Air T, Inc. has announced the dividend and record dates for its Alpha Income Preferred (AIP) securities for 2024 and 2025, with cash distributions of $0.50 per share.