Amazon Could Take a 30% Stake in a Large Cargo Airline
As part of
the agreement, Atlas Air Worldwide Holdings Inc. will acquire and operate
20 Boeing Co. 767-300 freighters for Amazon, according to a statement
from the airline Thursday. The deal mirrors a March transaction with Air
Transport Services Group Inc. and would double Amazon´s cargo-hauling fleet to
40 Boeing 767 freighters.The Seattle-based retailer is moving quickly to build
up its delivery network, aiming to reduce its dependence on United Parcel
Service Inc. and FedEx Corp. as it expands its Prime membership service that
delivers some orders in as little as one day. In light of the company´s
aggressive moves, the question for some analysts is how much Amazon
intends to encroach on the package carriers´ turf.
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