Avion Group HF (ICEX: AVION) (“Avion Group”), an Iceland-based investment company specializing in air, land and sea transportation solutions worldwide, today announced it has mailed the formal documents for its offer to acquire all of the outstanding trust units (the “Units”) of Atlas Cold Storage Income Trust (TSX: FZR.UN) (the “Trust”) on the terms set out in its August 3, 2006 announcement.