Air T Inc. appointed Candice L. Otey as its Vice President-Finance, Chief Financial Officer, Treasurer and Secretary and designated her as the company's principal financial officer, on November 17, 2014. Ms. Otey, appointed as the company's principal accounting officer on July 25, 2014, will continue to serve in that position. In connection with Ms. Otey's appointment, on November 17, 2014, Cheryl C. Sigmon was removed as the company's Vice President-Finance, Treasurer, Secretary and principal financial officer.

Ms. Sigmon will continue to serve the company as the chief financial officer of the company's air cargo segment, which is comprised of its Mountain Air Cargo Inc. and CSA Air Inc. subsidiaries.