Contrail Aviation Support, a commercial aircraft trading, leasing and parts solutions provider worldwide, was recognized as the primary driver of its parent company’s commercial aircraft, engines and parts business segment revenue of US$94 million in fiscal year 2019.
According to its recent 10K filing , Air T Commercial Aircraft, Engines and Parts Segment, contributed US$94 million of revenues in its fiscal-year ended March 31, 2019, compared to US$29.5 million in its prior fiscal year, an increase of 218%. Overall, fiscal year 2019 revenues for Air T, were US$250 million, a 28% increase over its prior fiscal year. The primary driver of the Segment’s increase in revenues was Contrails record levels of sales, driven in part by the sales of nine engines totaling US$41.0 million.
