EX-21.1 2 ex_96200.htm EXHIBIT 21.1

Exhibit 21.1

AIR T, INC.

LIST OF SUBSIDIARIES AND

CONSOLIDATED VARIABLE INTEREST ENTITIES

|  | Percent Ownership |
Air T Global Leasing, LLC, a North Carolina limited liability company |  |  | 100% |
CSA Air, Inc., a North Carolina corporation |  |  | 100% |
Global Aviation Services, LLC, a North Carolina limited liability company |  |  | 100% |
Global Ground Support, LLC, a North Carolina limited liability company |  |  | 100% |
Mountain Air Cargo, Inc., a North Carolina corporation |  |  | 100% |
Space Age Insurance Company, a Utah corporation |  |  | 100% |
Stratus Aero Partners LLC, a Delaware limited liability company |  |  | 100% |
Jet Yard, LLC, an Arizona limited liability company |  |  | 100% |
AirCo, LLC, a North Carolina limited liability company |  |  | 100% |
AirCo 1, LLC, a Delaware limited liability company |  |  | 100% |
AirCo Services, LLC, a North Carolina limited liability company |  |  | 100% |
Contrail Aviation Support, LLC, a North Carolina limited liability company |  |  | 79% |
2587493 Ontario, Inc., an Ontario Corporation |  |  | 100% |
Delphax Technologies Inc., a Minnesota corporation |  |  | 38%* |
Delphax Technologies Canada Limited, an Ontario corporation |  |  | ** |
Delphax Technologies Limited, a United Kingdom corporation |  |  | ** |
Delphax Technologies S.A.S., a France joint stock company |  |  | ** |

__________________________

* | Percent ownership assumes conversion by Air T of all shares of Series B Preferred Stock of Delphax Technologies Inc. into shares of common stock of Delphax Technologies Inc.

** | Wholly owned subsidiary of Delphax Technologies Inc.