Air T, Inc. announces an Equity Buyback for 138,000 shares.
March 29, 2023 at 02:36 am IST
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Air T Inc. (NasdaqCM:AIRT) announces a share repurchase program. Under the program, the company will exchange up to 138,000 shares at a price range of 1.05 TruPs to 1.40 TruPs per share of Air T common stock. The plan will run till July 6, 2023.
Air T, Inc. is a holding company with a portfolio of operating businesses and financial assets. The Company's segments include overnight air cargo, ground equipment sales, commercial jet engines and parts, and corporate and other. The Overnight air cargo segment operates in the air express delivery services industry. The Ground equipment sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers. The Company also offers fixed-pedestal-mounted deicers. The Commercial jet engines and parts segment manages and leases aviation assets, supplies surplus and aftermarket commercial jet engine components, provides commercial aircraft disassembly/part-out services, commercial aircraft parts sales, and procurement services and overhaul and repair services to airlines. The Corporate and other segment acts as the capital allocator and resource for other consolidated businesses.