Cargo Giant ASTG Acquires Omni Air International in $845 Million Deal

Cargo transportation leader and charter services operator Air Transport Services Group (ASTG) has acquired Omni Air International. Omni is known for its widebody charter operations including U.S. military charters, making an acquisition by ATSG a logical next step for expansion. The transaction is valued at $845 million and is expected to add $430 million in annual revenues to the group. Jeff Crippen, Chairman and CEO of Omni Air, said, “Combining Omni Air and ATSG experience and skillsets unquestionably makes for a…