Air T completes sale of two Airbus aircraft for over $18 million

Air T , Inc. (NASDAQ:AIRT) announced the completion of the sale of two Airbus aircraft with engines through its subsidiary CASP Leasing I, LLC, a 95% owned subsidiary of Contrail Aviation Support, LLC. The transaction, finalized on Tuesday, involved the sale of an Airbus A321-111 and an Airbus A320-214, with the combined transaction value exceeding $18 million, representing approximately 31% of the company’s current market capitalization of $57.73 million.

According to a statement released in a Securities and Exchange Commission filing, the purchaser of the aircraft and engines is FTAI Aircraft Leasing Ireland (2025) DAC. In connection with the sale, assignment, assumption, and amendment agreements were executed to transfer the rights and obligations of the lessor under the existing leases to the new lessor. InvestingPro data shows the company maintains strong liquidity with a current ratio of 1.65, though it reported a loss in the last twelve months.

The agreements and transaction documents related to the sale were included as exhibits in the company’s previously filed Form 8-K on June 25, 2025. Portions of the transaction documents have been omitted for confidential treatment.

Air T’s common stock is listed on the NASDAQ Capital Market under the ticker AIRT. Its Alpha Income Preferred Securities (8% Cumulative Capital Securities) trade on the NASDAQ Global Market under the ticker AIRTP.

This information is based on a press release statement included in Air T, Inc.’s SEC filing on Friday.

In other recent news, Air T, Inc. has expanded its financing agreement to $100 million, as announced in a recent press release. This new financial arrangement, involving Air T’s subsidiary AAM 24-1, LLC, provides non-recourse capital through scheduled disbursements until 2027, with the note maturing in 2035. The financing aims to strengthen Air T’s capital foundation and support growth initiatives, particularly for Crestone Air Partners, Inc., a subsidiary focused on aviation asset management. Additionally, Mountain Air Cargo, another subsidiary of Air T, has completed the acquisition of Royal Aircraft Services. This acquisition is expected to enhance the operational efficiency and service quality of Mountain Air Cargo’s aircraft maintenance and overhaul services. The integration will retain the Royal Aircraft Services brand while improving service capabilities. These developments reflect Air T’s strategic efforts to diversify and expand its business operations. The company has also implemented an interactive Q&A platform to address stakeholder inquiries.

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