AIR T. INC. DL-,25

Air T shareholders elected five directors, approved executive compensation and ratified Deloitte & Touche as auditor for fiscal 2027. Management said parts supply has mostly improved but limited MRO capacity for Rex Regional's engines is constraining availability, leaving 30 Saab 340 aircraft in service versus a commitment to operate more than 40 by December 2027. Air T will prioritize expanding aircraft asset-management via Crestone and Contrail rather than acquiring more regional carriers; Contrail's debt rose to $13.7 million after a teardown acquisition and a minority-interest redemption. » Mere på finance.yahoo.com

Air T reports Q1 (period ending 30.06.2026) revenue of USD 115.5m, up 63% year‑on‑year, and an operating loss of USD 12.8m. Adjusted EBITDA fell 45% to USD 0.8m; on a twelve‑month basis revenue was USD 371.7m (+25%) with an operating loss of USD 24.9m. The company attributes the losses primarily to transaction and integration costs from the acquisition of Arena/Crestone and to non‑cash fair‑value write‑downs of the Rex fleet; after the acquisition Air T holds 83.9% of Crestone and closed the quarter with USD 21.7m in cash plus USD 42.4m in available credit lines. » Mere på de.investing.com

Air T has extended the employment contract of CFO Tracy Kennedy to February 27, 2026, and set new compensation and incentive structures. Kennedy will receive an annual base salary of $331,000, rising to $360,000 in 2027 and $397,000 in 2028, as well as a quarterly bonus program tiered by performance assessments. The contract includes standard benefits, four weeks of annual leave, non-compete and confidentiality clauses, and severance provisions in the event of termination without notice by the company. » Mere på de.investing.com

Air T has completed the takeover of Australian regional carrier Regional Express (Rex), acquiring 100% of the shares. The transaction includes a 50 million AUD loan facility from an investor partner to expand the fleet from about 31 to 45 aircraft within two years; the Australian government remains a secured creditor, and Rex has access to an additional undrawn loan of 60 million AUD. Air T is carrying out the acquisition despite recent profitability issues and a market capitalization of USD 51.46 million as part of its expansion strategy. » Mere på de.investing.com

Air T said subsidiaries have entered into two financing agreements with Alerus Fin: a $6 million loan to Air T Acquisition 22.1 maturing on 24 Nov. 2032 and a $15 million revolving credit facility for Contrail to finance engine purchases and working capital. The $6 million loan refinances an existing credit line, requires annual repayments starting in 2026, and is secured by assets, preferred shares and a deposit account. The revolving facility runs until 24 Nov. 2027, carries interest at 1-month SOFR plus 3.11%, and is secured by Contrail assets and an Air T guarantee that secures up to $2 million of payments. Air T also plans to acquire Regional Express Holdings and has increased and extended an existing credit facility with Alerus to $20 million to bolster financial flexibility. » Mere på de.investing.com