Minneapolis, MN, January 9, 2025 — Air T, Inc. (NASDAQ: AIRT) is pleased to announce the launch of a new business, Runway Aero Advisors LLC (“Runway”). Runway will advise companies as they raise debt and equity capital. Runway will be led by Steve Welo, who joined Air T in September 2024. Steve will continue to help Air T raise capital for its existing businesses, including Crestone Air Partners.

“Air T is well positioned to make a difference in the aviation industry through its diverse portfolio of aviation businesses. The industry is both technically deep and capital intense, which makes it fun and interesting. We strive to build relationships and deliver relevant products and services to the investor community,” Steve commented.

Nick Swenson, CEO of Air T, added, “We are thrilled to welcome Runway Aero Advisors to our portfolio. This new business will expand our ability to provide innovative financial solutions within the aviation sector. Steve’s expertise and leadership will play a key role in driving our continued growth and success as we explore new opportunities for capital formation and capital markets advisory services. We are confident that Runway will significantly contribute to our ability to support both existing and new ventures in our dynamic industry.”

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