Amazon spreads its wings in the air cargo sector as it buys into Atlas and ATSG

Amazon’s hold on the air cargo industry is set to double, as it gets set to take up to 40% of the shares of both ATSG and Atlas Air, providers of Amazon Air operations. 
And in SEC filings submitted at the end of last week, both aircraft operators detailed the e-commerce platform’s plans to add both 737-800 and 767 freighters to the fleet.  
ATSG subsidiary CAM will lease 10 extra 767-300Fs to Amazon, …

The post Amazon spreads its wings in the air cargo sector as it buys into Atlas and ATSG appeared first on The Loadstar.

Source: The Loadstar

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