Biglari Capital Corp. Exits Position in Air T (AIRT)

Air T (AIRT) : Biglari Capital Corp. has sold out all of its stake in Air T during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 329,738 shares of Air T which is valued at $5,885,823.

Other Hedge Funds, Including , Nationwide Fund Advisors boosted its stake in AIRT in the latest quarter, The investment management firm added 4,236 additional shares and now holds a total of 12,936 shares of Air T which is valued at $246,715.

Air T Inc. operates wholly owned subsidiaries in three industry segments. The overnight air cargo segment consists of its Mountain Air Cargo Inc. (MAC) and CSA Air Inc. (CSA) subsidiaries operates in the air express delivery services industry. The ground equipment sales segment consists of its Global Ground Support LLC (GGS) subsidiary manufactures and provides mobile deicers to passenger and cargo airlines airports the military and industrial customers. The ground support services segment consist of its Global Aviation Services LLC (GAS) subsidiary provides ground support equipment maintenance and facilities services to domestic airlines and aviation service providers. During the fiscal year 2014 the Company’s overnight air cargo segment accounted for 52% the ground equipment sales segment accounted for 31% and the ground support services segment accounted for 17% of consolidated revenues. The Company’s overnight air cargo services are provided to FedEx Corporation.

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