Air T has raised USD4 million through trust preferred securities and plans to use the capital, among other sources, to boost the working capital of its subsidiary Mountain Air Cargo (MTN, Kinston).

The cargo specialist operating primarily on behalf of FedEx added thirteen aircraft to its fleet during 2023, including ten Cessna 408Fs, two ATR72-600Fs, and one ATR72-200(F). The expansion marked almost a doubling of the carrier’s fleet, which currently stands at 32 aircraft in total, and so required more working capital to…

Source: ch aviation
Read more: Air T raises mn to invest in Mountain Air Cargo, leases