Air T ends dividends, authorizes buyback

15 May 2014

Air T, Inc. (NASDAQ: AIRT) said that its board of directors has approved ending the payment of dividends, and has adopted resolutions authorizing the repurchase of up to 750,000 shares of Air T common stock from time to time.

Prior to this action, Air T´s policy had been to pay a regularly scheduled annual cash dividend in the first quarter of each fiscal year.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines.

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