Air Transport Services Group (ATSG) has completed the sale of Omni Air International to enable it to focus more on air cargo and related aviation services.
US-based ATSG, which provides aircraft leasing, air transportation, and aviation support solutions, had announced the sale of Omni in September.
The provider of passenger ACMI and charter services has been sold to OAI Holdings, a private company with aviation expertise.
ATSG’s portfolio will now be centred on air cargo transportation, aircraft leasing, and related maintenance, ground and logistics services.
“We are pleased to have completed this transaction after having explored strategic options for Omni for some time. We are confident Omni has a bright future ahead as it continues to serve its customers under OAI,” said Greg Mays, president and chief executive of ATSG.
“ATSG is now sharpening its strategic focus on the significant opportunities in air cargo and related aviation services.
“This milestone allows us to accelerate our investment in our core markets and meet the evolving needs of our air cargo and related customers.
“We are excited about the opportunities ahead and look forward to continuing to execute on our strategy and deliver for our customers.”
Financial terms of the transaction were not disclosed.
Subscribe to gain access to all news.
Already have a subscription? Log in.
Choose your subscription
Considering a corporate subscription? Contact us to find out more.
Or
Want to read this article for free?
You can read one free article per month. Enter your email and we’ll send you a free link to access the full article. No payment required.
