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May 20, 2014
10:01 EDTAIRTAir T unit awarded new contract from U.S. Air Force
Air T announced that its wholly owned subsidiary, Global Ground Support, has been awarded a new contract to be the sole supplier of deicing trucks to the U.S. Air Force. The contract award is for two years commencing July 14 with four additional one-year extension options that may be exercised by the U.S. Air Force at a total contract value up to $38M. The award includes standard deicer trucks and extended-reach deicer trucks along with shipping and training costs. The actual value of the contract as well as units delivered will be determined based upon actual annual requirements of the U.S. Air Force. The contract will follow Global's current contract with the U.S. Air Force which will expire July 13.
News For AIRT From The Last 14 Days
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November 24, 2015
16:03 EDTAIRTAir T cargo subsidiary to extend lease of facility in Kinston
Air T announced that its Mountain Air Cargo subsidiary has entered into an agreement to extend the lease of its 60,000 square foot maintenance facility at the North Carolina Global TransPark in Kinston, North Carolina. The extension initially runs to 2023, though Mountain Air Cargo has the option to extend the lease for up to four additional five-year periods. The renewal takes effect in 2018, at which time the rental rate will increase by 4% and remain at that level to 2023. Thereafter, the rental rate increases by 10% at the beginning of each five-year renewal term and remains at that level for that five-year term. Mountain Air Cargo, an original tenant at the Global TransPark in Kinston, has operated its primary maintenance facility at that location since 1995.

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