Air t, inc. announces intent to form new aircraft equity vehicle

Denver, nc / accesswire / december 23, 2020 / air t, inc. (nasdaq:airt) announced today that it has entered into letters of intent with three separate, large investment and asset management firms (the "investors") to form a new aircraft asset management business to be called contrail aircraft management ("cam"), and a new aircraft capital joint venture to be called contrail fund ii ("cfii"). the parties presently expect the new business and joint venture to be formed and capitalized by the end of january 2021.
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