- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- Address
- DE United States of America
- IPO Date
- Jun 11, 2019
- Business
- Air T, Inc. (NASDAQ: AIRT; AIRTW) operates as a holding company with a diversified portfolio of aviation-focused businesses across four core segments: overnight air cargo, commercial aircraft engines and parts, aviation ground support equipment, and digital solutions. Founded in 1980 and headquartered in Charlotte, North Carolina, with additional offices in Minneapolis, Minnesota, the company employs over 500 team members nationwide and serves customers including airlines, airports, the military, and aviation industry participants in the United States, internationally, and recently in Australia. Its overnight air cargo segment, through subsidiaries Mountain Air Cargo, Inc. and CSA Air, Inc., provides dedicated feeder services primarily to FedEx Express across the eastern U.S., Upper Midwest, and Caribbean routes; the commercial aircraft, engines, and parts segment, including Contrail Aviation Support, JetYard, AirCo Group, Worthington Aviation Parts, and Crestone Air Partners, offers trading, leasing, surplus aftermarket parts, airframes, avionics, and logistics for jet engines and aircraft; the aviation ground support equipment segment, led by Global Ground Support (GGS), manufactures and sells mobile deicers, scissor-lift catering trucks, glycol recovery vehicles, and other specialized equipment to passenger and cargo airlines, airports, military, and industrial customers worldwide, serving as the sole U.S. Air Force de-icer supplier since 1999; and the digital solutions segment, comprising WorldACD and Ambry Hill Technology, delivers market data publishing, RFQ and quote automation via VistaQuote, enterprise software via VistaSuite, and other subscription-based aviation business services. Recent developments include the acquisition of Worldwide Aircraft Services in fiscal 2023 and Royal Aviation Services in fiscal 2026 to enhance air cargo maintenance capabilities; a June 2025 renegotiation expanding a financing agreement with Crestone from $30 million to $100 million through 2027 maturing in 2035 for aviation asset growth; a November 2024 financing facility with Ashland Place for a Boeing 737-800 freighter acquisition alongside Crestone and Mill Road Capital; the January 2025 launch of Runway Aero Partners for capital advisory services; and a October 2025 agreement to acquire Australia's Regional Express Holdings (Rex), approved by creditors in November 2025, to expand regional airline operations serving unique Australian routes with Saab 340 aircraft fleet renewal.