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Amazon Is Offered Hawaiian Air Stake in Cargo-Hauling Deal

  • Carrier to operate fleet of 10 Amazon Airbus freight aircraft
  • Statement sent Hawaiian shares up most in almost two years
Corrected

Amazon.com Inc. is poised to take a stake in the parent of Hawaiian Airlines as part of a deal to expand the e-commerce giant’s cargo-hauling operations using a fleet of Airbus SE freighters.

Hawaiian Holdings Inc. issued warrants allowing Amazon to acquire as much as 15% of the carrier’s outstanding shares, according to a statement Friday. The warrants are exercisable over the next nine years.