Air T, Inc., established in 1980 and headquartered in Denver, North Carolina, operates as a diversified holding company. Its core businesses encompass three primary areas: expedited air freight services, the manufacture and sale of specialized ground support equipment, and comprehensive solutions for commercial aircraft, engines, and components. It also provides printing equipment and maintenance services, serving both domestic and international markets. The expedited air freight division delivers overnight air cargo, notably managing a fleet of 72 aircraft under dry-lease agreements with FedEx as of March 31, 2022. Its ground support equipment segment designs, produces, sells, and maintains a range of specialized machinery. This includes items such as aircraft deicers, scissor lifts, military and civilian decontamination units, flight-line tow tractors, and glycol recovery vehicles. Its clientele spans passenger and cargo airlines, ground handling firms, the United States Air Force, various airports, and industrial enterprises. The commercial aircraft, engine, and parts unit offers a broad spectrum of services. These include commercial aircraft acquisition, leasing, and part solutions; aircraft storage and maintenance, along with disassembly and part-out services. Furthermore, it handles sales, exchanges, procurement, consignment programs, and overhaul and repair for aircraft components. The segment also supplies vital instrumentation, avionics, and electrical accessories for a diverse array of civilian, military transport, regional/commuter, and business/commercial jet and turboprop aircraft. Rounding out its offerings are composite aircraft structures and associated repair and support functions.
Contrail Names Aviation Finance Veteran Stuart G. Weinroth Chief Executive Officer
Contrail Aviation Support, the commercial jet engine trading, leasing, and parts unit of Air T (NASDAQ: AIRT), named Stuart G. Weinroth as its Chief Executive Officer, succeeding founder Joe Kuhn after a 26-year run that began with the company's 2000 founding.
Weinroth brings more than 30 years across the aviation asset lifecycle and joins from Air Transport Services Group (ATSG), where he served as Global Head and Vice President of Commercial Operations and Acquisitions, with earlier senior roles at Metolius Aviation Capital, GA Telesis, GMT Global Republic Aviation, and Atlas Air Worldwide Holdings.
Air T Chairman and CEO Nick Swenson remains in place and framed the hire as a continuity-driven growth play, with the appointment expected to strengthen collaboration across Air T's 21-company, 1,600-plus-employee aviation portfolio; no financial terms or performance targets were disclosed.