ATSG has simultaneously diversified its revenue stream, provided itself with a line of conversion feedstock and boosted annual revenue by some $430m, thanks to the $845m cash acquisition of Omni Air.
Announced yesterday, the deal gives the ever-expanding ATSG 13 more aircraft – all passenger models – and a stronger foothold in the US Department of Defense (DoD) and other government contract business.
The combined businesses will bring in some $1.4bn in revenue.
Joe Hete, CEO …
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Source: The Loadstar