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Amazon Gets Own Air-Freight Arm

March 9, 2016: 12:00 AM EST
Online retailer Amazon is leasing 20 Boeing 767 freighter planes, according to Air Transport Services Group. Part of Amazon’s efforts to gain more control of the delivery process, expand delivery capacities during peak season, and lower its freight costs, the deal comes with lease durations of 5–7 years for the planes. Also, the deal includes Amazon buying a 19.9 percent stake in ATSG.
Leena Rao, "Amazon Is Leasing 20 Boeing Planes to Create an Air Cargo Network", Fortune, March 09, 2016, © Time Inc.
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