ATSG expands 767 fleet with $845m purchase of Omni Air
JON HEMMERDINGER | November 12, 2018
US air cargo company Air Transport Services Group (ATSG) has closed its $845 million purchase of Omni Air International, a charter carrier that operates a fleet of Boeing widebodies.With the deal, ATSG has taken on a new aircraft type in the 777 and also secured a number of 767s – an aircraft increasingly in high demand by cargo airlines.Omni Air’s fleet… enhances ATSG’s position as the world’s largest source of dedicated 767 cargo aircraft to selected air-express and other operators, ATSG says in a media release.Tulsa-based Omni Air has been in business since 1993, flying charter passenger flights for customers that include the US government. Its fleet includes three 767-200ERs, seven 767-300ERs and three 777-200ERs, ATSG says.ATSG expects to generate $430 million of additional annual revenue with Omni under its wing, it adds.ATSG primarily operates cargo aircraft, including a sizeable fleet of 767Fs operated by subsidiaries ABX and Air Transport International for online retailer Amazon. ATSG also leases aircraft through leasing subsidiary Cargo Aircraft Management.