ATSG buys Omni
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ATSG buys Omni
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.
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.
#2
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Joined APC: Apr 2007
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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.
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.
#3
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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.
#4
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.
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.
#7
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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.
#8
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Wikipedia seems to think they are going to these guys.
#9
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#10
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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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