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Air T, Inc. (AIRT)

Stock Price: $24.45 USD 0.45 (1.88%)
Updated Jun 23, 2021 4:00 PM EDT - Market closed
After-hours: $23.75 -0.70 (-2.86%) Jun 23, 4:00 PM
Air T, Inc.
Country United States
Founded 1980
Industry Integrated Freight & Logistics
Sector Industrials
Employees 478
CEO Nicholas Swenson

Contact Details

Address:5930 Balsom Ridge Rd
Denver, North Carolina 28037-9217
United States
Phone 828 464 8741

Stock Information

Ticker Symbol AIRT
Exchange NASDAQ
Fiscal Year April - March
Reporting Currency US Dollars
CIK Code 0000353184
CUSIP Number 009207101
ISIN Number US0092071010
Employer ID 52-1206400

Company Description

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally.

The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2020, this segment had 69 aircraft under the dry-lease agreements with FedEx.

Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment.

This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers.

Its Commercial Jet Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft.

This segment also provides composite aircraft structures, and repair and support services. Its Printing Equipment and Maintenance segment designs, manufactures, and sells digital print production equipment, spare parts, supplies, and consumable items, as well as provides maintenance contracts.

Air T, Inc. was founded in 1980 and is based in Denver, North Carolina.

Key Executives

NamePosition
Nicholas John SwensonChairman, President and Chief Executive Officer
Brian OchockiChief Financial Officer, Principal Accounting Officer and Treasurer
Mitch PothenVice President of Technology
Mark JundtChief Legal Counsel
Cheryl C. SigmonChief Financial Officer of Air Cargo Segment
Katrina Marie-Kramer PhilpChief of Staff
Michael MooreChief Executive Officer of Global Ground Support LLC
Craig BentleyChief Executive Officer of Mountain Air Cargo, Inc. and CSA Air, Inc.
Mark HarrisChief Executive Officer of Worthington Aviation, Inc. and AirCo Group
Michael BandalanChief Executive Officer of Mountain Air Cargo, Inc., and CSA Air, Inc.

Latest SEC Filings

DateTypeTitle
Jun 8, 20218-K/ACurrent report
Jun 3, 2021SC 13D/AGeneral statement of acquisition of beneficial ownership
May 28, 2021SC 13D/AGeneral statement of acquisition of beneficial ownership
May 28, 2021SDSpecialized disclosure report
May 14, 2021424B5Prospectus [Rule 424(b)(5)]
May 14, 20218-KCurrent report
May 11, 20218-KCurrent report
Apr 28, 20218-KCurrent report
Mar 31, 20218-KCurrent report
Mar 22, 2021424B3Prospectus [Rule 424(b)(3)]
View All SEC filings