Online retailer Amazon will have its own air cargo service — sort of.
The Seattle-based company has signed agreements with Air Transport Services Group to operate an air cargo network for Amazon.
The agreements include five-to-seven-year long leases of 20 Boeing 767 freighters from Wilmington, Ohio-based ATSG. ATSG also has a separate agreement to operate the jets for Amazon for five years, it said in a news release Wednesday.
“… We’re excited to supplement our existing delivery network with a great new provider, ATSG, by adding 20 planes to ensure air cargo capacity to support one and two-day delivery for customers,” Dave Clark, Amazon senior vice president of worldwide operations and customer service, said in the release.
Amazon also will acquire over five years up to 19.9 percent of ATSG’s common stock at $9.73 a share, ATSG said in its release.