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Air T Inc Announces Formation Of Crestone Air Partners – Independent Yet Interrelated Division Focusing on Leasing and Managing Commercial Aviation Assets

AIR T, INC (NASDAQ:AIRT) today announced the formation of Crestone Air Partners, Inc. (“Crestone”), a wholly owned subsidiary focused on trading, leasing, and managing commercial aviation assets. Crestone’s leadership has over 100 years of combined aviation industry experience. Crestone will service our previously announced aircraft asset management joint venture (the “2021 JV”), and work closely with our capital partners to invest in aviation assets through the 2021 JV. As of June 30, 2022, the 2021 JV has deployed nearly $100 million of equity with the possibility of an additional $300 million if all upsize options are executed.

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4500 Cherry Creek Drive South, Suite 910

Denver, Colorado 80246