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Air T Inc (AIRT.O)

AIRT.O on Consolidated Issue listed on NASDAQ Capital Market

16.40USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Air T Inc files for non-timely 10-Q - SEC filing‍​
Tuesday, 15 Aug 2017 05:31pm EDT 

Aug 15 (Reuters) - Air T Inc :Air T Inc files for non-timely 10-Q - SEC filing‍​.Air T Inc - sees revenues for three months ended June 30, 2017 significantly greater than about $30.5 million of revenues reported for prior-year period.  Full Article

Air T ‍on August 10, 2017 foreclosed on all personal property and rights to undertakings of Delphax Canada
Monday, 14 Aug 2017 05:43pm EDT 

Aug 14 (Reuters) - Air T Inc ::Air T Inc - ‍on August 10, 2017, company foreclosed on all personal property and rights to undertakings of Delphax Canada .Air T Inc - ‍on August 8, 2017, ontario court issued an order adjudging Delphax Canada to be bankrupt​.Air T Inc - ‍recipients of foreclosure notice did not object to foreclosure or redeem​.Air T - foreclosure completed on Aug 10, co accepted personal property,rights to undertakings of Delphax Canada.  Full Article

Air T Inc says files for non-timely 10-K - SEC Filing
Friday, 30 Jun 2017 08:08am EDT 

June 30 (Reuters) - Air T Inc :Air T Inc says files for non-timely 10-K - SEC Filing.Air T Inc says required additional time to complete supporting documentation with respect to financial statements.Air T Inc says required additional time to assess effectiveness of internal control over financial reporting.Air T Inc says intends to file the 2017 form 10-K by the fifteenth calendar day following the prescribed due date.  Full Article

Air T says a partially owned unit of co entered into business loan agreement with Old National Bank
Wednesday, 10 May 2017 08:16am EDT 

May 10 (Reuters) - Air T Inc :Air t inc - on may 5, 2017, contrail aviation support, llc partially owned unit of co entered into business loan agreement with old national bank.Air t inc - loan agreement provides for revolving credit borrowings by contrail in an amount up to $15 million - sec filing.Air t inc - loan agreement replaces revolving credit facility that contrail had entered into with BMO harris bank n.a. On july 18, 2016.Air t inc - borrowings under loan agreement will bear interest at an annual rate equal to one-month libor plus 3.00%.  Full Article

Air T says certain units entered into fourth amendment with Branch Banking and Trust Co
Monday, 8 May 2017 08:20am EDT 

May 8 (Reuters) - Air T Inc ::Air T Inc - on May 2, 2017, co, certain units entered into fourth amendment dated May 2, 2017 with branch banking and trust company - sec filing.Air T Inc - amendment amends credit agreement dated april 1, 2015, between co, such units, BB&T to establish a separate $2.4 million term loan facility.  Full Article

Air T reports Q3 earnings per share $0.42
Monday, 13 Feb 2017 08:05am EST 

Air T Inc : Air t, inc. Reports unaudited third quarter earnings . Q3 earnings per share $0.42 .Q3 revenue fell 23 percent to $35.77 million.  Full Article

Air T Q1 loss per share $1.55
Monday, 15 Aug 2016 04:20pm EDT 

Air T Inc : Air T Inc reports unaudited first quarter earnings . Q1 revenue rose 36 percent to $30.49 million .Q1 loss per share $1.55.  Full Article

Air T, Inc's subsidiary extends Kinston Maintenance Facility Lease
Tuesday, 24 Nov 2015 04:01pm EST 

Air T, Inc:Says it's Mountain Air Cargo subsidiary has entered into an agreement to extend the lease of its 60,000 square foot maintenance facility at the North Carolina Global TransPark in Kinston, North Carolina.Extension initially runs to 2023, though Mountain Air Cargo has the option to extend the lease for up to four additional five-year periods.Renewal takes effect in 2018, at which time the rental rate will increase by 4% and remain at that level to 2023.Thereafter, the rental rate increases by 10% at the beginning of each five-year renewal term and remains at that level for that five-year term.  Full Article

BRIEF-Air T Inc files for non-timely 10-Q - SEC filing‍​

* Air T Inc - sees revenues for three months ended June 30, 2017 significantly greater than about $30.5 million of revenues reported for prior-year period Source text : (http://bit.ly/2vBt8ol) Further company coverage: