Air T Completes Arena Acquisition and Aviation Platform Reorganization with $21.75M Deal

Air T, Inc. filed a Form 8-K reporting the completion of a significant aviation asset management platform reorganization and acquisition. On June 10, 2026, the company completed the acquisition of Arena Aviation Partners B.V., a Netherlands-based aviation asset management platform, for $21.75 million cash consideration through its subsidiary Crestone Air Partners, LLC. The transaction involved a complex reorganization where Air T and management-affiliated entities acquired the remaining 10% interest in Crestone Asset Management from Mill Road Investors for $6.2 million, then contributed servicing agreement rights to the new platform. The company also secured a $2.8 million temporary overline revolving credit facility from Alerus Financial to support operations. The acquisition includes potential contingent consideration of approximately $23 million based on performance of certain servicing agreements. This represents a major expansion of Air T's aviation asset management capabilities.