Air T, Inc. Announces Annual Cash Dividend

MAIDEN, N.C., May 22 /PRNewswire-FirstCall/ -- Air T, Inc. (Nasdaq: AIRT) today announced Board of Director approval for payment of a $0.33 per share fiscal 2009 annual cash dividend, to be paid on June 26, 2009 to shareholders of record June 5, 2009.

Air T, Inc. also announced that it intends to release its results for year-end March 31, 2009 on Tuesday, June 2, 2009. Walter Clark, Chairman of the Board and Chief Executive Officer, and John Parry, Chief Financial Officer, will hold a conference call at 9:00 a.m. Eastern Time on June 2, 2009 to review the results. There will also be a replay of the call available by telephone through June 9, 2009.

The instructions for dialing into the call or accessing a replay of the call are as follows:

    To participate live in the call:

    Dial in #: (877) 852-6578
    (719) 325-4821 from outside the United States

    To listen to a replay of the call:

    Dial in #: (888) 203-1112
    (719) 457-0820 from outside the United States
    Access Code: 1578345

Those interested in participating in the conference call may dial in five minutes prior to the start of the call.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, and manufactures, sells and services aircraft ground support and special purpose industrial equipment. 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 daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T’s ground support operations, including its Global Ground Support and Global Aviations Services subsidiaries, manufacture and service aviation support and other specialized military and industrial equipment, in addition to providing airport facilities maintenance. Global Ground Support is one of the largest providers of deicing equipment in the world.