JavaScript Required

Jumpseat Aerospace News requires JavaScript to function. Please enable JavaScript in your browser settings to continue.

Omni Air Sold to Founder to Save $2.5B Chicago Deal

October 7, 2026

2 min read

Key Takeaways

Omni Air International sold to founder Rob Coretz.
Sale prompted by controversy over deportation flights.
ATSG to focus on air cargo and related services.
Transaction expected to close in Q4 or early 2027.

Silver membership required Upgrade to Silver to access Key Takeaways.

Upgrade

Strategic Implications

This sale may indicate a shift in ATSG's strategy towards air cargo, which could strengthen its position in the market. The controversy surrounding deportation flights suggests that companies may face increasing scrutiny over their involvement in sensitive government contracts, which could impact their business operations and reputation.

Silver membership required Upgrade to Silver to access Strategic Implications.

Upgrade

What Happened

Private Equity Firm Unloads Airline Amid Controversy Over Deportation Flights

Omni Air International has been sold to its founder, Rob Coretz, in a deal that allows private equity firm Stonepeak to move forward with a $2.53 billion parking meter concession in Chicago. The sale was prompted by controversy over Omni Air’s involvement in deportation flights for the Department of Homeland Security. ATSG, the parent company of Omni Air, will focus on its air cargo and related services businesses. The transaction is expected to close in the fourth quarter or early 2027, according to FreightWaves.

Source | Originally Published: September 26, 2026

Companies Mentioned