Joe Hete, president and chief executive of ATSG, said that the acquisition would allow the group to pursue new growth opportunities, “including serving the expanding global e-commerce demand.” The agreement is expected to close during the fourth quarter of 2018, subject to regulatory approvals, and ATSG did not assume any debt in connection with the acquisition. The combination with Omni Air is anticipated to add over $430m in annualized revenues to ATSG, which is also a provider of B767 converted freighter services to e-tailing giant Amazon. Omni Air, founded in 1993 and with a fleet of 13 passenger aircraft, a mix of Boeing 767 and Boeing 777 extended range units, serves the US and allied foreign governments and commercial customers. US freighter lessor Air Transport Services Group (ATSG) is to acquire Oklahoma-based Omni Air International (Omni Air), a passenger and charter services provider, for $845m.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |