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Amazon buys 11 aircraft to make deliveries faster

Stock Markets Jan 05, 2021 10:10AM ET
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2/2 © Reuters. FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru 2/2
 
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(Reuters) -Amazon.com Inc said on Tuesday it bought 11 Boeing (NYSE:BA) 767-300 aircraft, as it looks to boost its delivery capabilities to cater to a surge in online orders.

The aircraft, including seven from Delta Air Lines (NYSE:DAL) and four from WestJet Airlines, will join Amazon (NASDAQ:AMZN)'s air cargo network by 2022, the online retailer said in a statement https://www.aboutamazon.com/news/transportation/amazon-purchases-11-aircraft-from-delta-and-westjet-to-join-amazon-airs-network.

In June, Amazon had leased 12 Boeing 767-300 converted cargo aircraft from Air Transport Services (NASDAQ:ATSG) Group Inc, bringing its total fleet to more than 80. (https://reut.rs/2MCkYHl)

"Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations," said Sarah Rhoads, vice president of Amazon Global Air.

The company said in October its heightened spending on delivery infrastructure would likely continue over years.

Amazon buys 11 aircraft to make deliveries faster
 

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Comments (1)
Roger Miller
Roger Miller Jan 05, 2021 9:48AM ET
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Thanks for the stimulus check spending. I wonder how many shutdown small business’ each plane represents?
Paul Dunne
Paul Dunne Jan 05, 2021 9:48AM ET
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Americans complain about communism and about capitalism. What economic system would they like to have?
 
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