ATSG finalises Omni Air sale to focus on core air cargo operations

Air Transport Services Group, Inc. (ATSG), a prominent provider of aircraft leasing, air transportation, and aviation support solutions based in Wilmington, Ohio, has officially announced the completion of a major corporate divestiture. The company has finalised its previously announced sale of Omni Air International (Omni) to OAI Holdings, LLC.

Omni Air International is recognised as a dedicated provider of passenger Aircraft, Crew, Maintenance, and Insurance (ACMI), as well as passenger charter services. The acquiring entity, OAI Holdings, is a private company guided by a management team that brings deep expertise within the aviation sector. Both parties have kept the specific monetary value of the agreement confidential, noting that the financial terms of the transaction were not disclosed.

Following the completion of this sale, ATSG is actively transitioning its corporate strategy to concentrate on its foundational markets. The company has stated that its portfolio is now firmly centred on air cargo transportation and aircraft leasing. Furthermore, the organisation will maintain and develop its associated aviation support functions, which encompass related maintenance, ground handling, and logistics services.

This story was originally published by STAT Times. Read the full story at STAT Times →