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.
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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.