Minneapolis, MN, September 3, 2024 — Air T, Inc. (NASDAQ: AIRT) today announced that it has appointed Steve Welo as Executive Director of Capital Partnerships effective September 3, 2024.

“We are delighted to welcome Steve as a full-time member of our team,” said Nick Swenson, CEO and Chairman of Air T, Inc. “Steve has been instrumental in building out the capital partnerships that have made our aircraft asset management business a success. Having already demonstrated exceptional expertise and a strong commitment to Air T’s goals, he is uniquely positioned to drive further growth and success with our current and future capital partners. This move reflects our ongoing commitment to bring top talent into our organization and underscores our dedication to fostering relationships with those who share our vision.”

Steve Welo commented, “I am excited to be joining the Air T team. Air T provides a unique and dynamic platform for aviation-related businesses. I have worked closely with Air T to develop investor relationships and help raise capital for Crestone Air Partners and other related businesses,” He added, “Joining Air T will enable me to increase my focus, share the Air T story, and continue to develop investor relationships.”

Prior to joining Air T, Inc., Steve was a co-founder and Partner at Split Rock Aviation, LLC, a finance and advisory firm. If you are interested in partnering with Air T, please reach out to Steve Welo and the team at Air T through the Airt.net contact form.