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Contrail expands its leadership

Contrail CEO Joe Kuhn, said: “We are experiencing a time of strong performance. We’re excited Kevin Milligan is on board as Director of Marketing & Airline Relations and able to hit the ground running. His extensive global network among airlines brings us tremendous value. He has the right kind of asset transaction experience coupled with a strong financial modeling background. We’re excited about leveraging his contacts and skill-set to drive our business forward, as we broaden our footprint to increase our transaction volume and target younger assets.”
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Holding Company Air T, Inc. Announces Acquisition of Contrail Aviation, Inc.

Air T, Inc. (NASDAQ Capital Market: AIRT), a diversified holding company, today announced the acquisition of Contrail Aviation Support, Inc., a growing worldwide supplier of surplus and aftermarket commercial jet engine components based in Verona, WI. On July 18, 2016, pursuant to an Asset Purchase Agreement between Contrail Aviation Support, LLC (“New Contrail”), a North Carolina limited liability company and a subsidiary of Air T, Inc., and Contrail Aviation Support, Inc. (“Contrail”) and Joseph Kuhn, the sole shareholder of Contrail, the Acquisition Subsidiary completed the purchase of all of the assets owned, used or usable by Contrail.

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