NEWS

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Contrail Strengthens Team

Contrail’s CEO Joe Kuhn, said: “We recently appointed commercial aircraft marketing executive Mark Shaw, who has 35 years of industry experience, as Vice President of Regional Marketing – EMEA. Mark has domain expertise in commercial aircraft leasing, finance and maintenance across Europe, the United States, Latin America, and the Middle East, managing and closing over $2 billion in aircraft and engine transactions. He significantly and rapidly expands our global activities with a European presence, and can hit the ground running targeting meaningful revenue-generation activities.

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Holding Company Air T, Inc. Announces Acquisition of Contrail Aviation, Inc.

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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