1 unchanged sentence
Louis Park, Minnesota that is partially leased to tenants and is the location of the Company's Minnesota executive office.
+Added: On April 13, 2023, the Company signed a lease agreement to move the operations of Air T to Charlotte, North Carolina.
+Added: The lease is for 4,900 square feet of office space, will commence on July 1, 2023 and expire on November 30, 2028 with the option to extend the lease for one additional three year term.
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.
−Removed: The Company leases approximately 53,000 square feet of a 66,000 square foot aircraft maintenance facility located in Kinston, North Carolina under an agreement that extends through January 2023, with the option to extend the lease for four additional five-year periods thereafter.
+Added: The Company leases approximately 53,000 square feet of a 66,000 square foot aircraft maintenance facility located in Kinston, North Carolina under an agreement that extends through January 2028, with the option to extend the lease for three additional five-year periods thereafter.
The rental rate under the lease increases by increments for each of the five-year renewal periods.
−Removed: GGS leases an 112,500 square foot production facility in Olathe, Kansas.
+Added: GGS leases an 112,500 square feet production facility in Olathe, Kansas.
The facility is leased from a third party under a lease agreement, which expires in August 2024.
As of March 31, 2023, the Company leased hangar, maintenance and office space from third parties at a variety of other locations, at prevailing market terms.
−Removed: Contrail leases a 21,000 square foot facility in Verona, Wisconsin.
+Added: Contrail leases a 21,000 square feet facility in Verona, Wisconsin.
This is a lease from a related party.
1 unchanged sentence
This lease expires on July 17, 2026.
−Removed: Contrail also leases a 1,453 square foot office space in Denver, Colorado.
+Added: Contrail also leased a 1,453 square feet office space in Denver, Colorado.
The lease is a 60 month lease that extends through June 2026.
+Added: As part of the formation of Crestone and transition of certain Contrail's employees to Crestone, Contrail terminated this lease prior to its expiration in 2026.
+Added: Crestone entered into a lease agreement of a 1,663 square feet office space in Glendale, Colorado on September 1, 2022.
+Added: The lease is a 24 month lease that extends through August 2024 with no option to renew.
Jet Yard leases approximately 48.5 acres of land from Pinal County at the Pinal Air Park in Marana, Arizona.
5 unchanged sentences
The lease expires on July 31, 2028.
−Removed: The lease required Air T to deposit six months' rent as a cash deposit.
−Removed: AirCo and Worthington began work in mid-2019 to consolidate back office operations.
−Removed: This process began with the move of AirCo’s inventory from Wichita to Eagan, MN.
−Removed: In parallel to this, Worthington worked with the landlord and property manager on a tenant expansion project to add an additional 2,546 square feet of office space and 11,214 square feet of warehouse to the Eagan, MN facility to consolidate inventory and support operations into one facility.
−Removed: 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: Worthington and AirCo lease a 41,280 square-foot facility in Eagan, Minnesota.
−Removed: The lease for this facility expires in December 2027.
−Removed: In addition, Worthington also leases a 12,000 square-foot storage facility in Hastings, Minnesota.
−Removed: The lease for this facility expires in July 2022.
−Removed: Worthington has two leases in Tulsa, Oklahoma.
−Removed: One lease is 22,582 square feet and expires in January 2027.
−Removed: The other lease is 10,000 square feet, renewable every six months, with the latest renewal expiring in September 2022.
+Added: Worthington and AirCo lease a 41,280 square-feet facility in Eagan, Minnesota.
+Added: The lease for this facility expires in April 2027.
+Added: Worthington has a lease in Tulsa, Oklahoma, which is 22,582 square feet and expires in January 2027.
Additionally, Worthington also has two facility leases in Australia:
Unit E3 is 1,195 square feet and Unit B5 is 1,442 square feet, both of which expire in January 2025.
+Added: WASI subleases approximately 53,500 square feet of land and facilities located at Branson National Airport, Springfield, Missouri.
+Added: The lease expires on January 30, 2028 with an option to renew for two additional and consecutive five year terms plus an additional and consecutive term ending on May 5, 2039.
+Added: WASI also leases an additional 2,000 square feet hangar space that expires on January 30, 2025 with no option to renew.
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.