Global Ground Support Awarded Order from Southwest Airlines
MAIDEN, N.C., March 24, 2016 /PRNewswire/ -- Air T, Inc. (NASDAQ: AIRT) today announced that its subsidiary Global Ground Support, LLC was awarded an order from Southwest Airlines on March 10, 2016 in excess of $2.8 million for the supply of Global's Provisioning trucks. The Provisioning trucks will be equipped with Global's exclusive designed scissor-lift with two single stage hydraulic lift cylinders and payload capacity of 6,000 pounds.
As the sole supplier of Southwest Provisioning trucks since 2003, Global has delivered over 230 trucks and are delighted that Southwest Airlines continues to choose Global, year after year for their Provisioning truck needs.
Deliveries of the 35 trucks are expected to be completed this 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. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T's Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T's Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.
Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company's customers, customer requirements for ground support equipment and facilities maintenance services will be less than anticipated, the timing of orders and deliveries under our contracts, including contracts with the United States Air Force, inflation rates, the impact of competition, changes in technology or government regulation, and the impact of terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Air T, Inc.
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