ATSG to sell Omni Air to focus on air cargo

Air Transport Services Group (ATSG) has announced it will sell Omni Air International to focus more on air cargo and related aviation services.

Official response and confirmed impact

Omni Air International, a provider of passenger ACMI and charter services, will be sold to OAI Holdings, a private company with aviation expertise.

Upon completion of the sale, ATSG’s portfolio will be centred on air cargo transportation, aircraft leasing, and related maintenance and logistics services.

“This agreement marks an important step for ATSG as it reflects the advancement of our long-term strategy of investing in and building out our core air cargo and related aviation services businesses,” said Greg Mays, president and chief executive of ATSG.

“We have been assessing strategic options for Omni for some time given the significant opportunities in air cargo.

This transaction allows us to focus our resources more fully on serving that market and related customers.

“We look forward to continuing to execute on our strategic vision, and are confident that OAI is the right next owner for Omni and their customers as they will benefit from OAI’s decades of proven aviation experience.”