Air Transport Services Group, (ATSG), a provider of aircraft leasing, air transportation and aviation support solutions, completed its previously announced sale of Omni Air International, a provider of passenger ACMI and charter services, to OAI, a private company whose management team brings deep expertise in aviation. Financial terms of the transaction were not disclosed.
With this sale, ATSG’s portfolio is centered on air cargo transportation, aircraft leasing and related maintenance, ground and logistics services.
“We are pleased to have completed this transaction after having explored strategic options for Omni for some time. We are confident Omni has a bright future ahead as it continues to serve its customers under OAI,” Greg Mays, president and CEO of ATSG, said. “ATSG is now sharpening its strategic focus on the significant opportunities in air cargo and related aviation services. This milestone allows us to accelerate our investment in our core markets and meet the evolving needs of our air cargo and related customers. We are excited about the opportunities ahead and look forward to continuing to execute on our strategy and deliver for our customers.”
Goldman Sachs served as financial advisor and Simpson Thacher & Bartlett and Hogan Lovells Cadwalader US served as legal counsel to ATSG. BDT & MSD Partners served as financial advisor and Spencer Fane served as legal advisor to OAI.
