News / Takeover of Omni Air a great deal all round, says ATSG chief exec

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ATSG has simultaneously diversified its revenue stream, provided itself with a line of conversion feedstock and boosted annual revenue by some $430m, thanks to the $845m cash acquisition of Omni Air.

Announced yesterday, the deal gives the ever-expanding ATSG 13 more aircraft – all passenger models – and a stronger foothold in the US Department of Defense (DoD) and other government contract business.

The combined businesses will bring in some $1.4bn in revenue.

Joe Hete, CEO of ATSG, said in a call to investors he was “enthused ...