Air T, Inc. Buyback
OLI recorded this information on 5/14/2014
Company:
Air T, Inc.
Buyback:
AIRT buyback
Share Amount Authorized:
750,000
Buyback Details:
Air T, Inc. announced today that its Board of Directors has approved a change to its dividend policy, ending the payment of dividends, and has adopted resolutions authorizing the repurchase of up to 750,000 shares of Air T common stock from time to time. Prior to this action, Air T's policy had been to pay a regularly scheduled annual cash dividend in the first quarter of each fiscal year.
Air T is a holding company. Through its subsidiaries, Co. operates in four industry segments: overnight air cargo, which operates in the air express delivery services industry; ground equipment sales, which manufactures and provides mobile deicers and other equipment products to passenger and cargo airlines, airports, the military and industrial customers; and commercial jet engines and parts, which manages and leases aviation assets, supplies surplus and aftermarket commercial jet engines and jet engine components, provides commercial aircraft disassembly/part-out services, commercial aircraft parts sales, procurement services and overhaul and repair services to airlines.
Preferred: AIRTP
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