The Company owns approximately 4.626 acres in Denver, North Carolina, which houses the operations of Air T and MAC.
−Removed: The Company also leases approximately 1,950 square feet of office space and approximately 4,800 square feet of hangar space at the Ford Airport in Iron Mountain, Michigan.
+Added: The Company leases approximately 1,950 square feet of office space and approximately 4,800 square feet of hangar space at the Ford Airport in Iron Mountain, Michigan.
CSA’s operations are headquartered at these facilities which are leased from a third party under an annually renewable agreement.
5 unchanged sentences
Contrail Aviation leases a 21,000 square foot facility in Verona, Wisconsin.
−Removed: The lease for this facility expires on July 17, 2021, though Contrail Aviation has the option to renew the lease on the same terms for an additional five-year period.
This is a lease from a related party.
See Note 14 “Related Party Matters” of Notes to Consolidated Financial Statements included under Part II, Item 8 of this report.
+Added: As of March 31, 2021, Contrail has executed the option to extend this lease for an additional period of five years on the same terms and conditions.
+Added: The new lease expires on July 17, 2026.
Contrail also leases a 1,453 square foot office space in Denver, Colorado.
−Removed: The lease is a 37 month lease that started on 01/01/2019.
+Added: The lease is a 37 month lease that commenced on January 1, 2019.
Jet Yard leases approximately 48.5 acres of land from Pinal County at the Pinal Air Park in Marana, Arizona.
1 unchanged sentence
The lease agreement permits Pinal County to terminate the lease if Jet Yard fails to make substantial progress toward the construction of facilities on the leased premises in phases in accordance with a specified timetable.
−Removed: As of the date of issuance, the construction of a demolition pad required by March 31, 2017 under the lease has not been completed and Jet Yard and Pinal County are in discussions with respect to improvements on the leased premises.
+Added: On May 27, 2020, Pinal County and Jet Yard entered into the first amendment to the lease agreement in which Pinal County agreed to the terms of Jet Yard's ground hardening civil improvement project ("ground hardening improvements") on areas under lease to improve its aircraft parking facilities.
+Added: As of March 31, 2021, Jet Yard has subleased the aforementioned lease along with the ground hardening improvements to Jet Yard Solutions.
DSI leases 12,206 square feet of space in a building located in Mississauga, Canada.
The lease expires on July 31, 2023.
−Removed: DSI’s obligations under the lease have been guaranteed by Air T.
−Removed: DSI has signed a lease extension for 3 years starting August 1 2020 through July 31 2023.
−Removed: This lease extension releases Air T from guaranteeing DSI's obligations by providing a cash deposit equal to 6 months rent.
+Added: The lease required Air T to deposit six months' rent as a cash deposit.
AirCo and Worthington began work in mid-2019 to consolidate back office operations.
2 unchanged sentences
AirCo Services occupied the Wichita facility through the end of the lease on April 30, 2020 at which time the Repair Station moved to Eagan, MN.
−Removed: The regulatory transfer process to move the Repair Station is currently underway and progressing in support of the move.
Worthington and AirCo lease a 41,280 square-foot facility in Eagan, Minnesota.
5 unchanged sentences
The other lease is 10,000 square feet and expires in September 2020.
−Removed: Additionally, Worthington also had two facility leases in Australia:
−Removed: Unit E3 is 1,195 square feet and Unit B5 is 1,442 square feet, both of which expired in May 2020.
+Added: Additionally, Worthington also has two facility leases in Australia:
+Added: Unit E3 is 1,195 square feet and Unit B5 is 1,442 square feet, both of which expire in January 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.