Air T Announces New Contract with US Air Force

MAIDEN, N.C., July 15, 2009 — Air T Inc. (Nasdaq Capital Market:AIRT) announced today that its wholly owned subsidiary, Global Ground Support LLC, has been awarded a new contract to supply deicing trucks to the United States Air Force. The contract award was for one year commencing July 14, 2009, with four additional one-year extension options that may be exercised by the United States Air Force. The award includes standard deicer trucks and extended-reach deicer trucks along with shipping and training costs. The actual value of the contract as well as units delivered will be determined based upon actual annual requirements of the United States Air Force. The contract replaces Global’s previous contract with the United States Air Force, which expired June 4, 2009, under which Global provided 420 deicers over the past 10 years.

Walter Clark, Air T CEO, stated, “I am proud that the United States Air Force has once again selected Global Ground Support to be their supplier of aircraft deicing trucks. The winning of this new contract is a testament to the quality of product and service that Global Ground Support provides to all of its customers. The fact that this was won in open competition and it allows us to continue to supply this essential piece of operational readiness equipment to our military is particularly gratifying. This contract award creates the opportunity for continued strong performance at our Global Ground Support unit in coming years.”