Amazon to Lease 20 Boeing 767s to Build Its Own Delivery Network
- Amazon had quietly tested plan last year with five freighters
- ATSG shares rise most in six years; Amazon stock slips
Why Amazon Plans to Lease 20 Boeing Aircrafts
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Amazon.com Inc. is stepping up plans to build its own air delivery network, saying it will lease 20 Boeing Co. 767 freighters from Air Transport Services Group Inc., sending shares in the lessor up the most in almost two years.
The agreement shows Amazon’s commitment to expanding its own logistics network to make deliveries faster and more efficient. The Seattle-based company wants to lessen its dependence on United Parcel Service Inc. and FedEx Corp., which have sometimes run into delays during the busy holiday season.