Recent events
Recent events tied to this brand in public sources.
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2026
Air T reports first quarter fiscal 2027 results
Air T, Inc. reported fiscal 2027 first quarter results for the quarter ended June 30, 2026, with revenues of $115.5 million (up 63% year over year) and an operating loss of $12.8 million, compared to operating income of $0.8 million in the prior-year quarter. Adjusted EBITDA was $0.8 million, down 45%. The operating loss was driven primarily by transaction and integration costs related to Crestone Air Partners' acquisition of Arena Aviation Partners and non-cash depreciation from the fair-value step-up of the Rex aircraft fleet.
2026
Crestone completes acquisition of Arena Aviation Capital
Crestone Air Partners, majority-owned by Air T, Inc., completed its acquisition of Arena Aviation Capital for $33.9 million ($21.7 million cash plus $12.2 million contingent consideration) on June 10, 2026. The combined platform holds $3.0 billion of assets under management and $0.6 billion committed under LOI, comprising 124 aircraft and 17 engines. Blue Owl funded $10.0 million for Class B preferred units representing 10.25% of the platform, and Air T owns 83.9% of Crestone following the acquisition.
2021
Air T formed Contrail JV II with institutional investor partners
Air T announced the formation of Contrail JV II LLC with three institutional investor partners. The joint venture is intended to acquire commercial aircraft and jet engines for leasing, trading, and disassembly.