The Runway team has been present at various aviation industry events and one subject that comes up regularly in conversation is worth a deeper dive—especially for those experiencing oil and fuel price hikes for the first time. It relates to the unrest in the Middle East, the closure of the Strait of Hormuz, and the general uncertainties around oil supply.

When Phil Seymour joined Air T as a Strategic Advisor in February, his first request was ambitious: introduce him to colleagues at all 16 Air T portfolio companies—preferably in person. Phil is based in the UK, our companies span the globe, but the logic was sound. As Air T's front line for EMEA business development, Phil needs deep knowledge of Air T’s portfolio to help source effectively.

The current “new” engine variants that have been delivered on the latest versions of the 737 and A320 have been the subject of intense shop visit activity that is likely to continue for another 24 months or so. The big issue is whether these engines will ever get to where the industry hoped they would get to in terms of time on wing.

There is much talk about “supply chain” issues. Below we look in more detail about what has caused them and how the future landscape appears.

Minneapolis, MN, February 4, 2024 — Air T, Inc. (NASDAQ: AIRT) today announced the appointment of Phil Seymour as Strategic Advisor. Phil remains a Director and Shareholder at IBA Group, where he has spent nearly 28 years building a successful and dedicated team. In his new advisory role at Air T, he will support the company’s growth and business development strategy. Phil will be based in London.

Air T, Inc. (NASDAQ: AIRT) is pleased to announce the launch of a new business, Runway Aero Advisors LLC (“Runway”). Runway will advise companies as they raise debt and equity capital. Runway will be led by Steve Welo, who joined Air T in September 2024. Steve will continue to help Air T raise capital for its existing businesses, including Crestone Air Partners.