Item 7.01 Regulation FD Disclosure

On July 1, 2022, a newly formed wholly-owned subsidiary of Air T. Inc. (the "Company") called Crestone Air Partners, Inc. ("Crestone"), assumed the roles of sourcing and managing the assets of the previously announced aircraft joint venture formed by the Company and certain partners in May 2021. The joint venture was formed as a scalable asset management platform to complement the Company's existing operating businesses, and Crestone will be instrumental in managing and growing that platform. A copy of the press release dated July 8, 2022 issued by the Company with respect to Crestone is attached to this Report as Exhibit 99.1

The information contained in Item 7.01 to this Current Report on Form 8-K (including Exhibits 99.1) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise be subject to the liabilities of that section. The information in this Item 7.01 (including Exhibit 99.1) shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

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