Company: AIRTP
Filing Date: 2025-08-12
Form Type: 10-K/A
Source: 0000353184-25-000069
Chunk: 7

Company: AIR T INC
Filing Date: 2025-08-12
Form: 10-K/A
Chunk 7
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 |     |   11 |     |    4 |     |    0 |     |    0 |
| ATR-42 (twin turbo prop)                 |     |       1992 |     | Dry lease         |     |                                  9 |     |    9 |     |    9 |     |    9 |     |    8 |
| ATR-72 (twin turbo prop)                 |     |       1992 |     | Dry lease         |     |                                 10 |     |   10 |     |   10 |     |    9 |     |    9 |
| ATR-72-600 (twin turbo prop)             |     |  2022-2023 |     | Dry lease         |     |                                  4 |     |    4 |     |    1 |     |    0 |     |    0 |
|                                          |     |            |     |                   |     |                                103 |     |  105 |     |   85 |     |   72 |     |   66 |

The Cessna Caravan 208B aircraft are maintained under an FAA Approved Aircraft Inspection Program (“AAIP”). The inspection intervals range from 100 to 200 hours. The current engine overhaul period on the Cessna aircraft is 8,000 hours.

The ATR-42 and ATR-72 aircraft are maintained under a FAA Part 121 continuous airworthiness maintenance program. The program consists of A and C service checks as well as calendar checks ranging from weekly to 12 years in duration. The engine overhaul period is 6,000 hours.

The Cessna Caravan 408 aircraft are maintained under an FAA Approved AAIP. The inspection program consists of 400 to 5,600 flight hour checks and 18 month to 120 month calendar checks.

MAC and CSA operate in a niche market within a highly competitive contract cargo carrier market. MAC and CSA are two of eight carriers that operate within the United States as FedEx feeder carriers. MAC and CSA are benchmarked against the other six FedEx feeders based on safety, reliability, compliance with federal, state and applicable foreign regulations, price and other service-related measurements. The Company believes accurate industry data is not available to indicate the Company’s position within its marketplace (in large measure because all of the Company’s direct competitors are privately held), but management believes that MAC and CSA, combined