Amazon - Most Definitely Starting An Airline
03-09-2016, 04:38 AM
#1
Gets Weekends Off
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03-09-2016, 05:05 AM
#2
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MG2
03-09-2016, 05:10 AM
#4
The NeverEnding Story
Joined APC: Sep 2005
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Interesting that the agreement to operate planes is 5 years, but the leases on the actual planes will be 5-7 years.
Does ATSG have 20 767s available to use for this, or will have to source planes on the market or pull down DHL ops to cover it?
Does ATSG have 20 767s available to use for this, or will have to source planes on the market or pull down DHL ops to cover it?
03-09-2016, 06:31 AM
#7
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767-300s on 7 year lease
5 currently operating
7 from AC being returned from other ACMI gigs
Purchasing 8 more -300s
Fully deployed by 4Q 2017 (If I recall correctly from the call)
03-09-2016, 08:32 AM
#10
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From another poster, on another website:
The move to 20 is official
http://www.seattletimes.com/business...cargo-network/
"It's official. Giant retailer Amazon now has its own air cargo delivery operation. After running a secretive trial since last summer leasing five Boeing 767s from freight carrier Air Transport Services Group (ATSG) out of Wilmington, Ohio, Amazon has agreed to let ATSG run a dedicated air cargo network and expand the operation to 20 widebody cargo jets."
"There's been speculation that as Amazon invests more in transportation it might do away with third-party carriers Fedex and UPS, and perhaps even emerge as a competitor to those companies by providing transportation services itself. But in a recent earnings call a top Amazon executive said that the company sought to complement those services, not replace them."
"ATSG's shares closed Tuesday at $11.77 but jumped nearly 20 percent on the Amazon news to more than $14 per share in early trading Wednesday"
http://www.seattletimes.com/business...cargo-network/
"It's official. Giant retailer Amazon now has its own air cargo delivery operation. After running a secretive trial since last summer leasing five Boeing 767s from freight carrier Air Transport Services Group (ATSG) out of Wilmington, Ohio, Amazon has agreed to let ATSG run a dedicated air cargo network and expand the operation to 20 widebody cargo jets."
"There's been speculation that as Amazon invests more in transportation it might do away with third-party carriers Fedex and UPS, and perhaps even emerge as a competitor to those companies by providing transportation services itself. But in a recent earnings call a top Amazon executive said that the company sought to complement those services, not replace them."
"ATSG's shares closed Tuesday at $11.77 but jumped nearly 20 percent on the Amazon news to more than $14 per share in early trading Wednesday"
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