Air T has reported the successful renegotiation of a major financing agreement involving its wholly owned subsidiary, AAM 24-1, LLC.
The revised agreement, reached with the company's existing institutional investors, increases the transaction size from US$30,000,000 to US$100,000,000, extends the repayment timeline and enhances financial flexibility. These modifications are intended to reinforce Air T's long-term capital base while remaining consistent with its strategic aims and growth ambitions.
“This modified financing structure significantly enhances our capital flexibility and allows us to pursue long-term value creation with greater certainty. It's another big step in support of the value we're seeking to build. And it's a scaling investment representing a continued vote of confidence by a sophisticated capital partner,” said Nick Swenson, Chairman and CEO of Air T.
Under the new terms, Air T and its subsidiary will receive committed, non-recourse capital via scheduled disbursements through to 2027, with the full note maturing in 2035. The extended structure strengthens the company's ability to invest both independently and alongside co-investors.
Funds from the agreement will also support the continued growth and strategic priorities of Crestone Air Partners, Inc.—a comprehensive aviation asset management platform—and other Air T subsidiaries.
Founded in 1980, Air T Inc. comprises a portfolio of dynamic businesses and financial assets, each operating independently while contributing to a broader, interconnected enterprise. Its principal segments include overnight air cargo, ground support equipment sales, commercial jet engines and parts, and corporate investments. Crestone Air Partners, Inc. (CAP) specialises in investing in commercial aircraft and jet engines on behalf of capital partners.
