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View Full Version : ATSG buys Omni


bgskyguy
11-13-2018, 03:12 PM
ATSG expands 767 fleet with $845m purchase of Omni Air

12 November, 2018 SOURCE: Flight Dashboard BY: Jon Hemmerdinger Boston

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.


nitefr8dog
11-13-2018, 03:20 PM
ATSG expands 767 fleet with $845m purchase of Omni Air

12 November, 2018 SOURCE: Flight Dashboard BY: Jon Hemmerdinger Boston

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.
And..........?

Reactivity
11-13-2018, 10:29 PM
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.

That's last month's news.

What's news to me is that ATSG's "in service fleet" includes two 737s. Those must be part of that Chinese deal that ATSG is in.


Rolloutflare
11-14-2018, 12:38 AM
That's last month's news.

What's news to me is that ATSG's

What’s news to me is which company's back will shoulder this debt? 5 years? Not good terms, so I’m guessing the Omni side of the business will.

In contemplation of the Omni purchase, ATSG today agreed to amend its senior credit facility with a consortium of banks led by SunTrust Bank, previously dated May 31, 2016. The new amended agreement has an aggregate principal amount of $1.28 billion, consisting of the continuing secured revolving credit facility of $545 million, a continuing secured term loan with a current balance of $60 million, and a new $675 million secured term loan. The maturity date of these loans is May 30, 2023.

anothermember
02-20-2019, 03:51 AM
Is Omni getting any more aircraft? I heard a rumor of more B777s but can't find anything firm.

Riverside
02-20-2019, 06:58 AM
Is Omni getting any more aircraft? I heard a rumor of more B777s but can't find anything firm.

Don't believe anything you hear till it shows up and is operating.

CardboardCutout
02-20-2019, 09:17 AM
If everyone who thought they were getting DHL 777s got DHL 777s they'd each be getting about a third of an airplane. Which is not to say that Omni won't...it seems sorta likely. But as above, believe it when it's on the ramp.

hubbs
02-20-2019, 07:58 PM
If everyone who thought they were getting DHL 777s got DHL 777s they'd each be getting about a third of an airplane. Which is not to say that Omni won't...it seems sorta likely. But as above, believe it when it's on the ramp.

https://en.m.wikipedia.org/wiki/European_Air_Transport_Leipzig

Wikipedia seems to think they are going to these guys.

Reactivity
02-20-2019, 08:28 PM
https://en.m.wikipedia.org/wiki/European_Air_Transport_Leipzig

Wikipedia seems to think they are going to these guys.

And that is the final word, for there is no source more authoritative and reliable than Wikipedia.

point432
02-20-2019, 09:54 PM
And that is the final word, for there is no source more authoritative and reliable than Wikipedia.



Whoa whoa whoa! I have used Wikipedia many a times in college to write papers and teachers were either cool with it or I just didn’t tell them. Why? Because as long as I can just use the citations and pretend they’re mine, we’re all good.


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hubbs
02-20-2019, 11:01 PM
And that is the final word, for there is no source more authoritative and reliable than Wikipedia.

https://youtu.be/kFBDn5PiL00

fr8dog61
02-21-2019, 07:18 AM
https://youtu.be/kFBDn5PiL00




Now that's funny...

MoarAlpha
03-01-2019, 07:53 PM
Any news on those 777s? I heard something about 11 going to Omni.

Birdsmash
03-01-2019, 08:03 PM
Any news on those 777s? I heard something about 11 going to Omni.

No, no, no. You are confusing that rumor with the old 11 MD11’s which came after the 10 DC10’s rumor. It’s actually 7 777F’s Omni is getting from DHL. All with new jet smell.

Boris Badenov
03-01-2019, 08:17 PM
7 triples to replace the 7 767s they'll cut a gash in and send over to ATI. Cue the contract negotiation theme music!

4runner
03-02-2019, 03:09 AM
[QUOTE=point432;2767848]Whoa whoa whoa! I have used Wikipedia many a times in college to write papers and teachers were either cool with it or I just didn’t tell them. Why? Because as long as I can just use the citations and pretend they’re mine, we’re all good.

Whoa whoa! Hold my Coke Zero! You had Wikipedia in college?

point432
03-02-2019, 05:47 AM
Whoa whoa! Hold my Coke Zero! You had Wikipedia in college?



I think you need to wiki Wiki and expand your mind. [emoji41]


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4runner
03-02-2019, 10:59 AM
I think you need to wiki Wiki and expand your mind. [emoji41]


Sent from my iPhone using Tapatalk

I know how to use it now. My first internet visit was my freshman year and it had a dial tone. We had to get analog knowledge and sources. I guess some kids had their own laptops and internet in high school. They were doctor and lawyer offspring. My dad was a pilot, therefore no internet in the house. I’m not judging him, we know how we are...

point432
03-02-2019, 04:15 PM
I know how to use it now. My first internet visit was my freshman year and it had a dial tone. We had to get analog knowledge and sources. I guess some kids had their own laptops and internet in high school. They were doctor and lawyer offspring. My dad was a pilot, therefore no internet in the house. I’m not judging him, we know how we are...



All cheap lol


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