 DENVER, NC ACCESSWIRE December 23, 2020 Air T, Inc. NASDAQ:AIRT announced today that it has entered into letters of intent with three separate, large investment and asset management firms the Investors to form a new aircraft asset management business to be called Contrail Aircraft Management CAM, and a new aircraft capital joint venture to be called Contrail Fund II CFII. The parties presently expect the new business and joint venture to be formed and capitalized by the end of January 2021. 