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6 October 2026

Omni Air resold to founder to save $2.5B Chicago parking meter deal

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Source reporting: FreightWaves

Omni Air resold to founder to save $2.5B Chicago parking meter deal

The founder of Omni Air International and former Sun Country Airlines CEO Jude Bricker have stepped in to buy the airline from private equity firm Stonepeak, which needed to quickly divest Omni Air to close a $2. 53 billion parking meter concession from the city of Chicago over objections about Trump administration deportation flights. Air Transport Services Group announced last Monday it has agreed to sell Omni Air, a passenger charter and outsourced airline provider, to OAI Holdings and focus on its cargo-related portfolio of airline, leasing, maintenance and logistics services companies. The transaction is expected to close in the fourth quarter or early 2027, subject to customary closing conditions, including approval by regulators. Financial terms were not disclosed.

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