XML 167 R109.htm IDEA: XBRL DOCUMENT
v3.23.2

SUBSEQUENT EVENTS (Details) - Unsecured Debt - USD ($) |  |  | 12 Months Ended |
--- | --- | --- | --- | ---
Jun. 23, 2023 | May 26, 2023 | Mar. 31, 2023 | Dec. 01, 2023
Term Loan G - ONB | Contrail Debt |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) |  |  | 3.00% |
Term Loan G - ONB | Subsequent Event | Contrail Debt |  |  |  |
Subsequent Event |  |  |  |
Minimum net worth required for compliance |  | $ 38,200,000 |  |
Term Loan G - ONB | Subsequent Event | Contrail Debt | 1 Month LIBOR |  |  |  |
Subsequent Event |  |  |  |
Minimum net worth required for compliance |  | $ 38,200,000 |  |
Basis spread on variable rate (as a percentage) |  | 3.11% |  |
Revolver - ONB | Contrail Debt |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) |  |  | 3.45% |
Revolver - ONB | Subsequent Event | Contrail Debt |  |  |  |
Subsequent Event |  |  |  |
Minimum net worth required for compliance |  | $ 25,000,000 |  |
Revolver - ONB | Subsequent Event | Contrail Debt | 1 Month LIBOR |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) |  | 3.56% |  |
Term Loan - Park State Bank ("PSB") | AirCo 1 Debt |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) |  |  | 3.00% |
Term Loan - Park State Bank ("PSB") | Subsequent Event | AirCo 1 Debt |  |  |  |
Subsequent Event |  |  |  |
Minimum net worth required for compliance |  | $ 6,400,000 |  |
Term Loan - Park State Bank ("PSB") | Subsequent Event | AirCo 1 Debt | 3 Month LIBOR |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) |  | 3.26% |  |
Revolver - MBT | Subsequent Event |  |  |  |
Subsequent Event |  |  |  |
Line of credit facility, maximum seasonal increase amount | $ 2,000,000 |  |  |
Line of credit maximum borrowing capacity | 19,000,000 |  |  |
Revolver - MBT | Subsequent Event | Forecast |  |  |  |
Subsequent Event |  |  |  |
Line of credit maximum borrowing capacity |  |  |  | $ 17,000,000
Revolver - MBT | Subsequent Event | Other Investments |  |  |  |
Subsequent Event |  |  |  |
Debt instrument, covenant investment in other investments | $ 5,000,000 |  |  |
Revolver - MBT | Subsequent Event | Minimum |  |  |  |
Subsequent Event |  |  |  |
Commitment fee (as a percentage) | 0.11% |  |  |
Revolver - MBT | Subsequent Event | Maximum |  |  |  |
Subsequent Event |  |  |  |
Commitment fee (as a percentage) | 0.15% |  |  |
Revolver - MBT | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) | 2.25% |  |  |
Revolver - MBT | Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum |  |  |  |
Subsequent Event |  |  |  |
Basis spread on variable rate (as a percentage) | 3.25% |  |  |

X
- Definition Debt Instrument, Authorized Use Amount On Investments + References No definition available. + Details
Name: | airt_DebtInstrumentAuthorizedUseAmountOnInvestments
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line of Credit Facility, Additional Borrowing Capacity + References No definition available. + Details
Name: | airt_LineOfCreditFacilityAdditionalBorrowingCapacity
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=airt_TermLoanGONBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=airt_ContrailAviationIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=airt_A1MonthLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=airt_RevolverONBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=airt_TermLoanPSBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=airt_AirCo1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=airt_A3MonthLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=airt_ThirdAmendedAndRestatedCreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |