Air T Funding Preferred Stock 8% 06/07/2049 (AIRTP)

Overview

Air T, Inc., founded in 1980 and headquartered in Charlotte, North Carolina, operates within the aviation and transport industry on both a domestic and international scale. Through its subsidiaries, the company engages in varied operations including overnight air cargo services, the sale and servicing of ground equipment, and dealing with commercial jet engines and parts. Its diverse business segments enable Air T, Inc. to cater to a wide array of customer needs, spanning express delivery services, equipment manufacturing and servicing, to comprehensive solutions for commercial aircraft. This multi-faceted approach allows Air T, Inc. to maintain a significant presence in the aviation sector, characterized by its comprehensive service offerings and global reach.

Products and Services

• Overnight Air Cargo:

  This segment of Air T, Inc. is dedicated to providing air express delivery services, ensuring timely and reliable cargo transport. As of March 31, 2024, Air T, Inc. operates 105 aircraft under dry-lease agreements with FedEx, underscoring the scale and capability of this division to meet significant logistics and shipping demands.

• Ground Equipment Sales:

  This division focuses on manufacturing, selling, and servicing a variety of ground support equipment. The product lineup includes aircraft deicers, scissor-type lifts, decontamination units for both military and civilian applications, flight-line tow tractors, glycol recovery vehicles, and other specialized machinery. These products find their customer base among passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and various industrial entities, meeting a wide range of operational needs with innovative solutions.

• Commercial Jet Engines and Parts:

  Air T, Inc. offers a comprehensive suite of services in the commercial aviation sector. This includes trading and leasing of commercial aircraft, sales of parts, and a variety of support services such as storage maintenance, disassembly, and part-out services. The segment caters to airlines, aircraft leasing companies, and other aviation industry entities with solutions spanning parts sales and exchanges, procurement, consignment programs, and overhauls and repairs. Additionally, it offers support for aircraft instrumentation, avionics, electrical accessories for various types of aircraft across civilian, military, regional, and business aviation markets. This segment demonstrates Air T, Inc.'s deep involvement and expertise in the commercial aviation parts and service market, providing an essential mix of products and services necessary for the upkeep and operation of a diverse range of aircraft types.