Verona, WI – January 16, 2019 – Contrail Aviation Support, LLC, a commercial aircraft trading, leasing and parts solutions provider worldwide since 2000 focused on creative asset management strategies that maximize value, today reported the Company successfully completed 20 marquee asset transactions in 2018, spanning acquisitions, leases, and sales of commercial aircraft and jet engine parts. Total annual sales dollar volume not disclosed. Contrail is a business unit of AIR T, INC., a diversified holding company (NASDAQ: AIRT) that is organized as a portfolio of powerful business and financial assets.

Contrail Aviation Support was founded in 2000 by CEO Joe Kuhn as an engine material trading company, primarily focused on used serviceable material from JT8D and CFM56-3 engines. Contrail has since expanded into the most prevalent engine types, powering the 737NG & A320 family. In addition, the Company has diversified into commercial aviation asset trading and leasing with a primary focus on mid-life to older commercial aircraft and engines that include speculative purchases of “naked” assets, sale and lease-back, and stub lease with no limitations on term length. Contrail has completed over 170 marquee transactions since its inception.

2018 REPORTING PERIOD

5 Key Acquisitions

  • 2 x A319-100 aircraft subject to lease
  • 4 x 737-700 aircraft
  • 1 x CFM56-3C1 engine

6 Key Leases

  • 3 x CFM56-7B26
  • 1 x CFM56-5B1
  • 2 x A319-100

7 Key Sales

  • 4 x CFM56-7B22
  • 1 x CFM56-7B26
  • 2 x 737-700

Contrail’s CEO Joe Kuhn, said: “Despite a competitive market environment in 2018, we were able to overcome these headwinds and successfully complete 20 profitable transactions. Going forward, we are well-positioned, well-capitalized, and have developed a strong pipeline of assets that will continue to feed our trading and parts business throughout the upcoming year.”

Added Steve Williams, Contrail’s Director of Acquisitions: “We continued to demonstrate to the industry our innovative ability to execute complex transactions swiftly while navigating difficult jurisdictions around the globe. Looking ahead, Contrail continues to look to grow organically through acquisitions of aircraft assets subject to lease, which, in addition to our strong momentum in engine parts buying, we expect to continue to see growth in both sides of the business.”

ABOUT CONTRAIL AVIATION SUPPORT, LLC.

Contrail Aviation Support, LLC. is a commercial aircraft trading, leasing and parts solutions provider focused on creative asset management strategies that maximize value. Founded in 2000 as an engine material trading company primarily focused on used serviceable material from the JT8D and CFM56-3, Contrail has since expanded into the most prevalent engine types powering the 737NG & A320 family. Contrail’s headquarters are located two hours north of Chicago’s O’Hare airport in a 21,000 sqft. facility. The Company also has a whole-asset trading office in Denver, Colorado and a satellite marketing presence in Shanghai, China. Contrail is a business unit of AIR T, INC. (NASDAQ: AIRT), which is an industrious American holding company with a portfolio of powerful businesses, each of which operate independently yet interrelatedly. For more information, visit www.contrail.com.

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Contact:
Kevin Milligan
kevin@contrail.com
949-933-0797