Air Transport Services Group,(NASDAQ:ATSG) has completed the previously announced acquisition of Omni Air, a passenger and charter services provider, along with related entities, for $845 million.
The facility is secured by substantially all of ATSG’s Boeing 777, 767 and 757 aircraft.
Omni Air is a leading provider of passenger airlift services to the U.S. Department of Defense (DoD) and a worldwide provider of full-service passenger charter and ACMI services. Omni Air also carries passengers worldwide for a variety of private sector customers and government services firms.
Omni Air’s fleet, which includes seven 767-300ER, three 767-200ER and three 777-200ER passenger aircraft, enhances ATSG’s position as the world’s largest source of dedicated 767 cargo aircraft to selected air-express and other operators. Eleven of the thirteen aircraft Omni Air operates are owned, with one 767-200ER and one 767-300ER leased. In total, the ATSG companies will have a combined fleet of more than 90 aircraft in service by year-end.