Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sales, and ground support services. Segments The company's Overnight Air Cargo segment operates in the air express delivery services industry. This segment comprises the company’s Mountain Air Cargo, Inc. (MAC) and CSA Air, Inc. (CSA) subsidiaries. The company's 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. This segment comprises the company’s Global Ground Support, LLC (GGS) subsidiary. The company's Ground Support Services segment provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers. This segment comprises the company’s Global Aviation Services, LLC (GAS) subsidiary. Overnight Air Cargo Services MAC and CSA provide small package overnight airfreight delivery services on a contract basis throughout the eastern half of the United States and the Caribbean. As of March 31, 2013, MAC and CSA had an aggregate of 85 aircraft under agreement with FedEx Corporation (FedEx). Separate agreements cover the three types of aircraft operated by MAC and CSA for FedEx -- Cessna Caravan, ATR-42, and ATR-72. For the year ended March 31, 2013, MAC’s routes were primarily in the southeastern United States and the Caribbean and CSA’s routes were primarily in the upper Midwest region of the United States. MAC and CSA operate under separate aviation certifications. MAC is certified to operate under Part 121, Part 135 and Part 145 of the regulations of the Federal Aviation Administration (the FAA). These certifications permit MAC to operate and maintain aircraft that can carry up to 18,000 pounds of cargo and provide maintenance services to third-party operators. CSA is certified to operate and maintain aircraft under Part 135 of the FAA regulations. This certification permits CSA to operate aircraft with a maximum cargo capacity of 7,500 pounds. The Cessna Caravan 208B aircraft are maintained on FAA approved inspection programs. The inspection intervals range from 100 to 200 hours. The overhaul period on the Cessna aircraft is 7,500 hours. The ATR-42 and ATR-72 aircraft are maintained under a FAA Part 121 maintenance program. The program consists of A and C service checks, as well as calendar checks ranging from weekly to 12 years in duration. The engine overhaul period is ‘on condition’. Aircraft Deicer and Other Specialized Industrial Equipment Products GGS is located in Olathe, Kansas and manufactures, sells and services aircraft ground support and other specialized equipment sold to domestic and international passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. GGS has a product line of additional models of aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized types of equipment. In the manufacture of its ground service equipment, GGS assembles components acquired from third-party suppliers. The primary components for mobile deicing equipment are the chassis (which is a commercial medium or heavy-duty truck), fluid storage tanks, a boom system, fluid delivery system and heating equipment. GGS manufactures 5 basic models of mobile deicing equipment with capacities ranging from 700 to 2,800 gallons. GGS also offers fixed-pedestal-mounted deicers. Each model can be customized as requested by the customer, including single operator configuration, fire suppressant equipment, open basket or enclosed cab design, a patented forced-air deicing nozzle and on-board glycol blending system to substantially reduce glycol usage, color and style of the exterior finish. GGS also manufactures five models of scissor-lift equipment, for catering, cabin service and maintenance service of aircraft, and has developed a line of decontamination equipment, flight-line tow tractors, glycol recovery vehicles, and other special purpose mobile equipment. Ground Support Equipment and Airport Facility Maintenance Services GAS provides aircraft ground support equipment and airport facility maintenance services to various customers throughout the country. As of March 31, 2013, GAS was providing maintenance services at 23 locations throughout the country. Governmental Regulation The company has been subject to FAA regulation since the commencement of its business activities. The aircraft operated by the company are in compliance with such regulations promulgated by the FAA. Such aircraft also comply with standards for aircraft exhaust emissions promulgated by the Environmental Protection Agency pursuant to the Clean Air Act of 1970, as amended. History Air T, Inc. was founded in 1980. The company was incorporated under the laws of the state of Delaware in 1980.
air t inc (AIRT:NASDAQ CM)
3524 Airport Road
Maiden, NC 28650
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