8-K

               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549

                            FORM 8-K

                         CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 Date of Report (Date of earliest event reported)  November 10, 2004


                           AIR T, INC.
     (Exact Name of Registrant as Specified in its Charter)


           Delaware                   0-11720                52-1206400
 (State or Other Jurisdiction  (Commission File Number) (I.R.S. Employer
        of Incorporation)                                Identification No.)

                        3524 Airport Road
                      Maiden, North Carolina 28650
            (Address of Principal Executive Offices)
                            (Zip Code)

                           (704) 377-2109
       (Registrant's Telephone Number, Including Area Code)

                         Not Applicable
  (Former name or former address, if changed from last report)

      Check  the appropriate box below if the Form 8-K filing  is
intended to simultaneously satisfy the filing obligation  of  the
registrant  under  any of the following provisions  (see  General
Instruction A.2. below):

           Written  communication pursuant to Rule 425 under  the
Securities Act (17 CFR 230.425)

          Soliciting material pursuant to Rule 14a-12  under  the
          Exchange Act (17 CFR 240.14a-12)

          Pre-commencement communications pursuant to  Rule  14d-
          2(b) under the Exchange Act (17 CFR 240.14d-2(b))

          Pre-commencement communications pursuant to  Rule  13e-
          4(c) under the Exchange Act (17 CFR 240.13e-4c))



Item 4.01.     Change in Registrant's Certifying Accountant

     (a)  On November 10, 2004, the Audit Committee of the Board
     of Directors of Air T, Inc. (the "Company") decided to no
     longer engage Deloitte & Touche LLP ("Deloitte & Touche")
     as the Company's independent public accountants and to
     engage Dixon Hughes PLLC ("Dixon Hughes") as the Company's
     independent public accountants to audit the financial
     statements of the Company for the fiscal year ending
     March 31, 2005.

     The audit reports of Deloitte & Touche on the financial
     statements of the Company for the fiscal years ended
     March 31, 2004 and March 31, 2003 contained no adverse
     opinion or disclaimer of opinion, nor were they qualified
     or modified as to uncertainty, audit scope or accounting
     principles.

     In connection with the audits of the financial statements of
     the Company for the fiscal years ended March 31, 2004 and
     March 31, 2003 and through the date hereof, the Company had
     no disagreement with Deloitte & Touche on any matter of
     accounting principles or practices, financial statement
     disclosure, or auditing scope or procedure, which
     disagreement, if not resolved to the satisfaction of
     Deloitte & Touche, would have caused them to make reference
     to such disagreement in their reports for such periods; and
     there were no reportable events as defined in
     Item 304(a)(1)(v) of Regulation S-K .

     Deloitte & Touche was provided a copy of the above
     disclosures and was requested to furnish the Company with a
     letter addressed to the Securities and Exchange Commission
     stating whether it agrees with the above statements and, if
     not, stating the respects in which it does not agree.  A
     letter from Deloitte & Touche is attached hereto as
     Exhibit 16.

     (b)  On November 17, 2004, the Company engaged the
     accounting firm of Dixon Hughes as its independent public
     accountants to audit the Company's financial statements for
     the fiscal year ending March 31, 2005.  The decision to
     engage Dixon Hughes was made by the Audit Committee of the
     Board of Directors of the Company.  During the fiscal years
     ended March 31, 2004 and March 31, 2003 and through the
     date hereof, the Company did not consult with Dixon Hughes
     regarding any of the matters or reportable events set forth
     in Item 304(a)(2)(i) and (ii) of Regulation S-K.

Item 9.01.     Financial Statements and Exhibits.


     (c)  Exhibits

               Exhibit 16      Letter from Deloitte & Touche  LLP
                               to the Securities and Exchange
                               Commission dated November 16, 2004.



                           SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act
of  1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

Date:  November 17, 2004

                        AIR T, INC.


                         By:  /s/ John J. Gioffre
                         John J. Gioffre, Vice President-Finance and Secretary




                          Exhibit Index


Exhibit                    Description

Exhibit 16  Letter from Deloitte & Touche LLP to the
            Securities and Exchange Commission dated
            November 16, 2004

EX-16

                                                       Exhibit 16

Deloitte.                                    Deloitte & Touche LLP
                                             1100 Carillon Building
                                             227 West TradeStreet
                                             Charlotte, NC 28202
                                             USA

                                             Tel: +1 704 887 1500
                                             Fax: +1 704 887 1570
                                             www.deloitte.com



November 16, 2004



Securities and Exchange Commission
Mail Stop 11-3
450 5th Street, N.W.
Washington, DC 20549

Dear Sirs/Madams:

We have read Item 4 of Air T, Inc.'s Form 8-K dated November 10,
2004, and we agree with the statements made therein.

Yours truly,

/s/ Deloitte & Touche LLP












                                             Member of
                                             Deloitte Touche Tohmatsu