AIRTP · Air T, Inc.

Summary

Air T, Inc., through Crestone Air Partners LLC, entered into a Share Purchase Agreement on March 8, 2026, to acquire all outstanding shares of Arena Aviation Partners B.V. for aggregate consideration in excess of $35 million at closing, subject to post-closing adjustments. The acquisition expands Crestone's aviation asset management platform to approximately 124 aircraft, 17 engines, and over $4 billion in assets under management.

Key takeaways

• Crestone Air Partners LLC acquired all shares of Arena Aviation Partners B.V. on March 8, 2026
• Purchase price exceeded $35 million, subject to adjustments for indebtedness and transaction expenses
• Contingent cash payments possible for certain depositary receipt holders based on servicing agreements
• Combined platform post-closing: 124 aircraft and 17 engines on lease globally
• Over US$4 billion assets under management and more than 55 employees across 5 countries
• Company evaluating potential sale of minority equity interest in Crestone; discussions preliminary