ATSG Completes Sale of Omni Air International

Advances ATSG’s Strategic Focus on Air Cargo, Services, and Logistics

WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (“ATSG” or “the Company”), a leading provider of aircraft leasing, air transportation, and aviation support solutions, today announced that it has completed its previously announced sale of Omni Air International (“Omni”), a provider of passenger ACMI and charter services, to OAI Holdings, LLC, a private company whose management team brings deep expertise in aviation. Financial terms of the transaction were not disclosed.

With this sale, ATSG’s portfolio is centered on air cargo transportation, aircraft leasing, and related maintenance, ground and logistics services.

“We are pleased to have completed this transaction after having explored strategic options for Omni for some time. We are confident Omni has a bright future ahead as it continues to serve its customers under OAI,” said Greg Mays, President and Chief Executive Officer of ATSG. “ATSG is now sharpening its strategic focus on the significant opportunities in air cargo and related aviation services. This milestone allows us to accelerate our investment in our core markets and meet the evolving needs of our air cargo and related customers. We are excited about the opportunities ahead and look forward to continuing to execute on our strategy and deliver for our customers.”

Goldman Sachs & Co. LLC served as financial advisor and Simpson Thacher & Bartlett LLP and Hogan Lovells Cadwalader US LLP served as legal counsel to ATSG. BDT & MSD Partners served as financial advisor and Spencer Fane, LLP served as legal advisor to OAI Holdings.

About Air Transport Services Group

Air Transport Services Group (ATSG) delivers integrated aviation solutions worldwide through two complementary commercial platforms focused on Aircraft Leasing and Airlines & Services, which includes air transportation, maintenance, ground and logistics services. Guided by its values of safety, people, integrity, accountability and customer focus, ATSG’s vision is to be the world’s most trusted aviation solutions provider. ATSG’s subsidiaries include ABX Air, Inc.; Airborne Maintenance & Engineering Services, Inc.; Air Transport International, Inc.; and Cargo Aircraft Management, Inc.. For further details, please visit www.atsginc.com.

About Omni Air International

Omni Air International, LLC is a US FAA Part 121 and IOSA registered airline headquartered at Tulsa International Airport in Tulsa, Oklahoma. Omni specializes in ACMI leasing and charter services, operating a fleet of B767 and B777 aircraft globally in support of U.S. and allied governments, scheduled airlines, and charter customers. For more information, visit www.oai.aero.

About OAI Holdings

OAI Holdings, LLC is a group of investors including Rob Coretz, founder of Omni Air International, and Jude Bricker, former President and CEO of Sun Country Airlines.