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.
At the end of September, ATSG's in-service fleet stood at 73 cargo aircraft, including 34 767-200Fs, 39 767-300Fs, four 757-200Fs, four 757-200 Combis and two 737-400Fs, say recent ATSG regulatory filings.