airtpressrelase.htm
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported) August 27,
2008
AIR T,
INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware 0-11720
52-1206400
(State or Other
Jurisdiction
(Commission File
Number)
(I.R.S. Employer
of
Incorporation)
Identification No.)
3524 Airport
Road
Maiden,
North Carolina
28650
(Address
of Principal Executive Offices)
(Zip
Code)
(828)
464-8741
(Registrant’s
Telephone Number, Including Area Code)
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|
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(Former
name or former address, if changed from last
report)
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Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions
(see General
Instruction A.2. below):
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_________
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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_________
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4c))
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Item
1.01. Entry into
a Definitive Material Agreement
By letter
dated August 27, 2008, Bank of America, N.A. (“Bank of America”) notified Air T,
Inc. (the “Company”) that Bank of America had extended the availability period
to August 31, 2010 for the $7,000,000 revolving line of credit under the Loan
Agreement dated September 18, 2007 (the “Loan Agreement”) between Bank of
America and the Company and that the remaining terms and conditions of the Loan
Agreement remain in full force and effect.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:
October 21, 2008
AIR T,
INC.
By: /s/ John Parry
John
Parry, Vice President-Finance and Secretary