Stocks

Amazon's Air Network Leases 10 Addl. 767-300 Cargo Aircraft From ATSG

An image of a stock chart
Credit: Shutterstock photo

(RTTNews.com) - Amazon ( AMZN ) announced Friday announced an expansion of its partnership with Air Transport Services Group, Inc. or ATSG by leasing an additional 10 aircraft to support Amazon's growth.

Amazon previously leased 40 Boeing 767 freighter aircraft in 2016, 20 of those with ATSG, all of which are now flying serving customers in the Amazon Air network.

The 10 additional cargo planes will consist of Boeing 767-300 aircraft, will be operated on Amazon's behalf by an ATSG airline, and will join the air cargo operation over the next two years.

Amazon will open a new Regional Air Hub next year at Fort Worth Alliance Airport, and the Air Hub at the Cincinnati/Northern Kentucky International Airport will open in 2021.

Recently, the company announced a gateway operation to launch in Wilmington, Ohio, in 2019 as well as an expanded operation in Rockford, Illinois.

Dave Clark, Senior Vice President of Worldwide Operations at Amazon, "By expanding the Amazon Air network through our partnership with ATSG we're able to ensure we have the capacity to quickly and efficiently deliver packages to customers for years to come."

Read the original article on RTTNews (http://www.rttnews.com/2964795/amazon-s-air-network-leases-10-addl-767-300-cargo-aircraft-from-atsg.aspx)

For comments and feedback: contact editorial@rttnews.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMZN

Other Topics

Technology

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More