Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
_____________________________
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)
Delaware Trust Company
(Exact name of trustee as specified in its charter)
Delaware | 51-0011500 |
(Jurisdiction of incorporation or organization if not a U.S. national bank) | (I.R.S. Employer Identification No.) |
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251 Little Falls Drive Wilmington, Delaware | 19808 |
(Address of principal executive offices) | (Zip code) |
Corporation Service Company
251 Little Falls Drive
Wilmington, Delaware
(800) 927-9801
(Name, address and telephone number of agent for service)
_____________________________
Air T, Inc.
(Exact name of obligor as specified in its charter)
Delaware | 52-1206400 |
(State or other jurisdiction of incorporation of organization) | (I.R.S. Employer Identification No.) |
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5930 Balsom Ridge Drive Denver, North Carolina | 28037 |
(Address of principal executive offices) | (Zip code) |
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Alpha Income Preferred Securities
(Title of the indenture securities)
Item 1. | General Information. |
| Furnish the following information as to the trustee: |
(a) | Name and address of each examining or supervising authority to which it is subject. |
Office of the State Banking Commissioner | ||
State of Delaware | ||
555 East Loockerman Street |
(b) | Whether it is authorized to exercise corporate trust powers. |
The trustee is authorized to exercise corporate trust powers. |
Item 2. | Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation. |
None with respect to the trustee. |
Items 3-14.
No responses are included for Items 3–14 because the obligor is not in default as provided under Item 13.
Item 15. | Foreign Trustee. |
Not applicable.
Item 16. | List of Exhibits |
List below all exhibits filed as a part of this Statement of Eligibility. |
Exhibit 1. | A copy of the Articles of Association of the trustee now in effect is contained in the Certificate of Incorporation. |
Exhibit 2. | A copy of the Certificate of Incorporation. |
Exhibit 3. | See Exhibit 2. |
Exhibit 4. | A copy of by-laws of the trustee as now in effect. |
Exhibit 5. | Not applicable. |
Exhibit 6. | The consent of the trustee required by Section 321(b) of the Act. |
Exhibit 7. | A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority. |
Exhibit 8. | Not applicable. |
Exhibit 9. | Not applicable. |
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Delaware Trust Company, a non-depository trust company and corporation duly organized and existing under the laws of Delaware, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Wilmington and State of Delaware on _________________, 2019.
DELAWARE TRUST COMPANY
/s/ William G. Popeo
Name: William G. Popeo
Title: President & CEO
