Air T signs $100M multi-year financing agreement with institutional investors

Air T (AIRT) announced the renegotiation of a financing agreement involving its wholly owned subsidiary, AAM 24-1. The updated agreement, reached with the company’s existing institutional investors, grows the transaction from $30M to $100M, extends repayment timelines and increases financial flexibility. As part of the restructuring, Air T and its subsidiary will receive committed, non-recourse capital in scheduled disbursements through 2027, with the full note maturing in 2035. The extended financing arrangement reinforces the company’s investment capacity on a co-investor as well as sole investor basis. This capital will also be allocated to support the growth and strategic initiatives of Crestone Air Partners, a full-service aviation asset management platform, and other Air T subsidiaries.