    <SEC-DOCUMENT>0000353184-20-000100-index.html : 20201223
    <SEC-HEADER>0000353184-20-000100.hdr.sgml : 20201223
    <ACCEPTANCE-DATETIME>20201223165059
    ACCESSION NUMBER:		0000353184-20-000100
    CONFORMED SUBMISSION TYPE:	8-K
    PUBLIC DOCUMENT COUNT:		132
    CONFORMED PERIOD OF REPORT:	20201219
    ITEM INFORMATION:		Entry into a Material Definitive Agreement
    ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
    ITEM INFORMATION:		Regulation FD Disclosure
    ITEM INFORMATION:		Financial Statements and Exhibits
    FILED AS OF DATE:		20201223
    DATE AS OF CHANGE:		20201223

    FILER:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			AIR T INC
    		CENTRAL INDEX KEY:			0000353184
    		STANDARD INDUSTRIAL CLASSIFICATION:	AIR COURIER SERVICES [4513]
    		IRS NUMBER:				521206400
    		STATE OF INCORPORATION:			DE
    		FISCAL YEAR END:			0331

    	FILING VALUES:
    		FORM TYPE:		8-K
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	001-35476
    		FILM NUMBER:		201413154

    	BUSINESS ADDRESS:
    		STREET 1:		5930 BALSOM RIDGE ROAD
    		CITY:			DENVER
    		STATE:			NC
    		ZIP:			28037
    		BUSINESS PHONE:		7043772109

    	MAIL ADDRESS:
    		STREET 1:		P O BOX 488
    		CITY:			DENVER
    		STATE:			NC
    		ZIP:			28037

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	AIR TRANSPORTATION HOLDING CO INC
    		DATE OF NAME CHANGE:	19920703

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	ATLANTA EXPRESS AIRLINE CORP
    		DATE OF NAME CHANGE:	19840321
    </SEC-HEADER>
    <DOCUMENT>
    <TYPE>8-K
    <SEQUENCE>1
    <FILENAME>formxitem101203and701xpark.htm
    <DESCRIPTION>8-K PARK STATE BANK MAIN STREET LOAN TO AIRCO1, INVESTOR PRESENTATION, CONTRAIL FUND II PRESS RELEASE
    <TEXT>
    Document 1 - file: formxitem101203and701xpark.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-10.1
    <SEQUENCE>2
    <FILENAME>termloanagreementformain.htm
    <DESCRIPTION>EX-10.1 TERM LOAN AGREEMENT FOR MAIL STREET PRIORITY LOAN FACILITY BY AND BETWEEN PARK STATE BANK AND AIRCO 1, LLC DATED AS OF DECEMBER 11, 2020
    <TEXT>
    Document 2 - file: termloanagreementformain.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-10.2
    <SEQUENCE>3
    <FILENAME>termnoteformainstreetpri.htm
    <DESCRIPTION>EX-10.2 $6,200,000 MAIN STREET PRIORITY LOAN FACILITY TERM OF AIRCO 1, LLC IN FAVOR OF PARK STATE BANK DATED DECEMBER 11, 2020
    <TEXT>
    Document 3 - file: termnoteformainstreetpri.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-10.3
    <SEQUENCE>4
    <FILENAME>securityagreementwithair.htm
    <DESCRIPTION>EX-10.3 SECURITY AGREEMENT OF AIRCO 1, LLC DATED AS OF DECEMBER 11, 2020
    <TEXT>
    Document 4 - file: securityagreementwithair.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-10.4
    <SEQUENCE>5
    <FILENAME>pledgeagreementwithairco.htm
    <DESCRIPTION>EX-10.4 PLEDGE AGREEMENT BY AND BETWEEN AIRCO, LLC AND PARK STATE BANK DATED AS OF DECEMBER 11, 2020
    <TEXT>
    Document 5 - file: pledgeagreementwithairco.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-99.1
    <SEQUENCE>6
    <FILENAME>contrailfundiipressrelease1.htm
    <DESCRIPTION>EX-99.1 PRESS RELEASE DATED DECEMBER 23, 2020 ANNOUNCING PROPOSED AIRCRAFT EQUITY VEHICLE AND MANAGEMENT BUSINESS
    <TEXT>
    Document 6 - file: contrailfundiipressrelease1.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-99.2
    <SEQUENCE>7
    <FILENAME>airtinc-investorpresenta.htm
    <DESCRIPTION>EX-99.2 INVESTOR PRESENTATION DATED DECEMBER 23, 2020
    <TEXT>
    Document 7 - file: airtinc-investorpresenta.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>8
    <FILENAME>termloanagreementformain001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 8 - file: termloanagreementformain001.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>9
    <FILENAME>termloanagreementformain002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: termloanagreementformain002.jpg

    </DOCUMENT>
    <DOCUMENT>
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    <SEQUENCE>10
    <FILENAME>termloanagreementformain003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 10 - file: termloanagreementformain003.jpg

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    <DOCUMENT>
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    <SEQUENCE>11
    <FILENAME>termloanagreementformain004.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 11 - file: termloanagreementformain004.jpg

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    <DOCUMENT>
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    <SEQUENCE>12
    <FILENAME>termloanagreementformain005.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 12 - file: termloanagreementformain005.jpg

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    <DOCUMENT>
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    <SEQUENCE>13
    <FILENAME>termloanagreementformain006.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 13 - file: termloanagreementformain006.jpg

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    <DOCUMENT>
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    <SEQUENCE>14
    <FILENAME>termloanagreementformain007.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 14 - file: termloanagreementformain007.jpg

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    <DOCUMENT>
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    <SEQUENCE>15
    <FILENAME>termloanagreementformain008.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 15 - file: termloanagreementformain008.jpg

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    <DOCUMENT>
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    <SEQUENCE>16
    <FILENAME>termloanagreementformain009.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 16 - file: termloanagreementformain009.jpg

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    <DOCUMENT>
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    <SEQUENCE>17
    <FILENAME>termloanagreementformain010.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 17 - file: termloanagreementformain010.jpg

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    <DOCUMENT>
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    <SEQUENCE>18
    <FILENAME>termloanagreementformain018.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 18 - file: termloanagreementformain018.jpg

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    <DOCUMENT>
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    <SEQUENCE>19
    <FILENAME>termloanagreementformain011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 19 - file: termloanagreementformain011.jpg

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    <DOCUMENT>
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    <SEQUENCE>20
    <FILENAME>termloanagreementformain012.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 20 - file: termloanagreementformain012.jpg

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    <DOCUMENT>
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    <SEQUENCE>21
    <FILENAME>termloanagreementformain013.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 21 - file: termloanagreementformain013.jpg

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    <DOCUMENT>
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    <SEQUENCE>22
    <FILENAME>termloanagreementformain014.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 22 - file: termloanagreementformain014.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>23
    <FILENAME>termloanagreementformain015.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 23 - file: termloanagreementformain015.jpg

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    <DOCUMENT>
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    <SEQUENCE>24
    <FILENAME>termloanagreementformain016.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 24 - file: termloanagreementformain016.jpg

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    <DOCUMENT>
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    <SEQUENCE>25
    <FILENAME>termloanagreementformain017.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 25 - file: termloanagreementformain017.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>26
    <FILENAME>termloanagreementformain019.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 26 - file: termloanagreementformain019.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>27
    <FILENAME>termloanagreementformain020.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 27 - file: termloanagreementformain020.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>28
    <FILENAME>termloanagreementformain021.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 28 - file: termloanagreementformain021.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>29
    <FILENAME>termloanagreementformain022.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 29 - file: termloanagreementformain022.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>30
    <FILENAME>termloanagreementformain023.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 30 - file: termloanagreementformain023.jpg

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    <DOCUMENT>
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    <SEQUENCE>31
    <FILENAME>termloanagreementformain024.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 31 - file: termloanagreementformain024.jpg

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    <DOCUMENT>
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    <SEQUENCE>32
    <FILENAME>termloanagreementformain025.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 32 - file: termloanagreementformain025.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>33
    <FILENAME>termloanagreementformain026.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 33 - file: termloanagreementformain026.jpg

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    <DOCUMENT>
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    <SEQUENCE>34
    <FILENAME>termloanagreementformain027.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 34 - file: termloanagreementformain027.jpg

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    <DOCUMENT>
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    <SEQUENCE>35
    <FILENAME>termloanagreementformain028.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 35 - file: termloanagreementformain028.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>36
    <FILENAME>termloanagreementformain029.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 36 - file: termloanagreementformain029.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>37
    <FILENAME>termloanagreementformain030.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 37 - file: termloanagreementformain030.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>38
    <FILENAME>termloanagreementformain031.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 38 - file: termloanagreementformain031.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>39
    <FILENAME>termloanagreementformain032.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 39 - file: termloanagreementformain032.jpg

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    <DOCUMENT>
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    <SEQUENCE>40
    <FILENAME>termloanagreementformain033.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 40 - file: termloanagreementformain033.jpg

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    <DOCUMENT>
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    <SEQUENCE>41
    <FILENAME>termloanagreementformain034.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 41 - file: termloanagreementformain034.jpg

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    <DOCUMENT>
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    <SEQUENCE>42
    <FILENAME>termloanagreementformain035.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 42 - file: termloanagreementformain035.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>43
    <FILENAME>termloanagreementformain036.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 43 - file: termloanagreementformain036.jpg

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    <DOCUMENT>
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    <SEQUENCE>44
    <FILENAME>termloanagreementformain037.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 44 - file: termloanagreementformain037.jpg

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    <DOCUMENT>
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    <SEQUENCE>45
    <FILENAME>termloanagreementformain051.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 45 - file: termloanagreementformain051.jpg

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    <DOCUMENT>
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    <SEQUENCE>46
    <FILENAME>termloanagreementformain038.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 46 - file: termloanagreementformain038.jpg

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    <DOCUMENT>
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    <SEQUENCE>47
    <FILENAME>termloanagreementformain039.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 47 - file: termloanagreementformain039.jpg

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    <DOCUMENT>
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    <SEQUENCE>48
    <FILENAME>termloanagreementformain040.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 48 - file: termloanagreementformain040.jpg

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    <DOCUMENT>
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    <SEQUENCE>49
    <FILENAME>termloanagreementformain041.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 49 - file: termloanagreementformain041.jpg

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    <DOCUMENT>
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    <SEQUENCE>50
    <FILENAME>termloanagreementformain042.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 50 - file: termloanagreementformain042.jpg

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    <DOCUMENT>
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    <SEQUENCE>51
    <FILENAME>termloanagreementformain043.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 51 - file: termloanagreementformain043.jpg

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    <DOCUMENT>
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    <SEQUENCE>52
    <FILENAME>termloanagreementformain044.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 52 - file: termloanagreementformain044.jpg

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    <DOCUMENT>
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    <SEQUENCE>53
    <FILENAME>termloanagreementformain045.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 53 - file: termloanagreementformain045.jpg

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    <DOCUMENT>
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    <SEQUENCE>54
    <FILENAME>termloanagreementformain046.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 54 - file: termloanagreementformain046.jpg

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    <DOCUMENT>
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    <SEQUENCE>55
    <FILENAME>termloanagreementformain047.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 55 - file: termloanagreementformain047.jpg

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    <DOCUMENT>
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    <SEQUENCE>56
    <FILENAME>termloanagreementformain048.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 56 - file: termloanagreementformain048.jpg

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    <DOCUMENT>
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    <SEQUENCE>57
    <FILENAME>termloanagreementformain049.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 57 - file: termloanagreementformain049.jpg

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    <DOCUMENT>
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    <SEQUENCE>58
    <FILENAME>termloanagreementformain050.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 58 - file: termloanagreementformain050.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>59
    <FILENAME>termnoteformainstreetpri001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 59 - file: termnoteformainstreetpri001.jpg

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    <DOCUMENT>
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    <SEQUENCE>60
    <FILENAME>termnoteformainstreetpri002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 60 - file: termnoteformainstreetpri002.jpg

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    <DOCUMENT>
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    <SEQUENCE>61
    <FILENAME>termnoteformainstreetpri003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 61 - file: termnoteformainstreetpri003.jpg

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    <DOCUMENT>
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    <SEQUENCE>62
    <FILENAME>securityagreementwithair001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 62 - file: securityagreementwithair001.jpg

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    <DOCUMENT>
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    <SEQUENCE>63
    <FILENAME>securityagreementwithair002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 63 - file: securityagreementwithair002.jpg

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    <DOCUMENT>
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    <SEQUENCE>64
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    <DESCRIPTION>GRAPHIC
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    Document 64 - file: securityagreementwithair003.jpg

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    <DOCUMENT>
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    <SEQUENCE>65
    <FILENAME>securityagreementwithair004.jpg
    <DESCRIPTION>GRAPHIC
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    Document 65 - file: securityagreementwithair004.jpg

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    <DOCUMENT>
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    <SEQUENCE>66
    <FILENAME>securityagreementwithair005.jpg
    <DESCRIPTION>GRAPHIC
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    Document 66 - file: securityagreementwithair005.jpg

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    <DOCUMENT>
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    <SEQUENCE>67
    <FILENAME>securityagreementwithair006.jpg
    <DESCRIPTION>GRAPHIC
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    Document 67 - file: securityagreementwithair006.jpg

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    <DOCUMENT>
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    <SEQUENCE>68
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    <DESCRIPTION>GRAPHIC
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    Document 68 - file: securityagreementwithair007.jpg

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    <DOCUMENT>
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    <SEQUENCE>69
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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 69 - file: securityagreementwithair008.jpg

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    <DOCUMENT>
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    <SEQUENCE>70
    <FILENAME>securityagreementwithair009.jpg
    <DESCRIPTION>GRAPHIC
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    Document 70 - file: securityagreementwithair009.jpg

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    <DOCUMENT>
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    <SEQUENCE>71
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    <DESCRIPTION>GRAPHIC
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    Document 71 - file: securityagreementwithair010.jpg

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    <DOCUMENT>
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    <SEQUENCE>72
    <FILENAME>securityagreementwithair011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 72 - file: securityagreementwithair011.jpg

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    <DOCUMENT>
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    <SEQUENCE>73
    <FILENAME>securityagreementwithair012.jpg
    <DESCRIPTION>GRAPHIC
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    Document 73 - file: securityagreementwithair012.jpg

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    <DOCUMENT>
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    <SEQUENCE>74
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    <DESCRIPTION>GRAPHIC
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    Document 74 - file: securityagreementwithair013.jpg

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    <DOCUMENT>
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    <SEQUENCE>75
    <FILENAME>securityagreementwithair014.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 75 - file: securityagreementwithair014.jpg

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    <DOCUMENT>
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    <SEQUENCE>76
    <FILENAME>securityagreementwithair015.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 76 - file: securityagreementwithair015.jpg

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    <DOCUMENT>
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    <SEQUENCE>77
    <FILENAME>securityagreementwithair016.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 77 - file: securityagreementwithair016.jpg

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    <DOCUMENT>
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    <SEQUENCE>78
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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 78 - file: securityagreementwithair017.jpg

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    <DOCUMENT>
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    <SEQUENCE>79
    <FILENAME>securityagreementwithair018.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 79 - file: securityagreementwithair018.jpg

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    <DOCUMENT>
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    <SEQUENCE>80
    <FILENAME>securityagreementwithair019.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 80 - file: securityagreementwithair019.jpg

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    <DOCUMENT>
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    <SEQUENCE>81
    <FILENAME>securityagreementwithair020.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 81 - file: securityagreementwithair020.jpg

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    <SEQUENCE>82
    <FILENAME>pledgeagreementwithairco001.jpg
    <DESCRIPTION>GRAPHIC
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    Document 82 - file: pledgeagreementwithairco001.jpg

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    <DOCUMENT>
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    <SEQUENCE>83
    <FILENAME>pledgeagreementwithairco002.jpg
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    Document 83 - file: pledgeagreementwithairco002.jpg

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    <SEQUENCE>84
    <FILENAME>pledgeagreementwithairco003.jpg
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    Document 84 - file: pledgeagreementwithairco003.jpg

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    <SEQUENCE>85
    <FILENAME>pledgeagreementwithairco004.jpg
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    Document 85 - file: pledgeagreementwithairco004.jpg

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    <SEQUENCE>86
    <FILENAME>pledgeagreementwithairco005.jpg
    <DESCRIPTION>GRAPHIC
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    Document 86 - file: pledgeagreementwithairco005.jpg

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    <SEQUENCE>87
    <FILENAME>pledgeagreementwithairco006.jpg
    <DESCRIPTION>GRAPHIC
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    Document 87 - file: pledgeagreementwithairco006.jpg

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    <SEQUENCE>88
    <FILENAME>pledgeagreementwithairco007.jpg
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    Document 88 - file: pledgeagreementwithairco007.jpg

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    <SEQUENCE>89
    <FILENAME>pledgeagreementwithairco008.jpg
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    Document 89 - file: pledgeagreementwithairco008.jpg

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    <SEQUENCE>90
    <FILENAME>pledgeagreementwithairco009.jpg
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    Document 90 - file: pledgeagreementwithairco009.jpg

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    <SEQUENCE>91
    <FILENAME>pledgeagreementwithairco010.jpg
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    Document 91 - file: pledgeagreementwithairco010.jpg

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    <SEQUENCE>92
    <FILENAME>pledgeagreementwithairco011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
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