Amazon has entered a 10-year lease agreement with Atlas Air Worldwide Holdings, the aircraft company announced last week. Under the agreement, Amazon has the right to buy up to 30 percent of Atlas Air. Amazon will lease a fleet of 20 Boeing 767-300 converted freighters — including crew, maintenance and insurance — for seven years, with extensions to 10 years. Amazon also will dry lease from Atlas Air’s Titan Aviation unit for 10 years. The dry lease operation calls for Atlas Air to provide the aircraft but no crew.
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Air Cargo Deal Gives Amazon More Control Over Deliveries
Posted by: David Jones May 10, 2016 10:26 AMAmazon has entered a 10-year lease agreement with Atlas Air Worldwide Holdings, the aircraft company announced last week. Under the agreement, Amazon has the right to buy up to 30 percent of Atlas Air. Amazon will lease a fleet of 20 Boeing 767-300 converted freighters — including crew, maintenance and insurance — for seven years, with extensions to 10 years. Amazon also will dry lease from Atlas Air’s Titan Aviation unit for 10 years. The dry lease operation calls for Atlas Air to provide the aircraft but no crew.