ATSG to sell Omni Air as cargo strategy takes flight

Air Transport Services Group (ATSG) has announced its agreement to sell Omni Air International to OAI Holdings, a privately held company managed by an aviation-experienced team. This strategic move reflects ATSG’s deliberate shift towards concentrating on air cargo and associated services within the broader transportation sector. The transaction is anticipated to finalize pending regulatory approvals and customary closing conditions. Financial details surrounding the sale were not publicly shared at this time. This divestiture allows ATSG to refine its operational priorities and bolster its core business activities related to air freight.