“Through our acquisitions and investments, along with our ongoing support of the dynamic leadership within our portfolio of powerful companies, we seek to focus our resources, activate growth and deliver long-term value creation for everyone associated with Air T, Inc.”
— Nick Swenson, Chairman & CEO
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DENVER, NC, November 12, 2019 — Air T, Inc. (NASDAQ: AIRT) is organized as a portfolio of powerful businesses, each of which is independent yet interrelated. These include overnight air cargo operations; ground support equipment manufacturing; ground support equipment maintenance services; and commercial aircraft management, leasing and logistics. Today the Company announced results for its fiscal quarter ended September 30, 2019.
Air T, Inc. Announces Record Date, Payment Date and Payment Rate for Distribution on Alpha Income Preferred Securities
DENVER, N.C., November 5, 2019 — Air T, Inc. (NASDAQ: AIRT) (“Air T”) announced today the record date, payment date and payment rate for the next quarterly cash distribution on its Alpha Income Preferred (AIP) securities (NASDAQ: AIRTP), which provide for distributions at the rate of 8.0% per annum on the stated value of $2.50 per share of AIP. The distribution payment date will be Friday, November 15, 2019, to holders as of the Record Date of November 14, 2019. This distribution will cover the period from August 27, 2019, the date of the previous distribution, to the payment date of November 15, 2019, and the distribution will be in the amount of $0.0433 per share of AIP.
Sugar Land, TX & Denver, NC – September 30, 2019 – PrimeFlight Aviation Services, Inc. and Air T, Inc. today announce the acquisition by PrimeFlight of Global Aviation Services, LLC, a business unit of Air T, Inc. (NASDAQ: AIRT). Global Aviation Services is a leading provider of aviation ground support equipment (GSE) maintenance, fleet maintenance, and facility maintenance in the United States.