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Home NYSE: BA

Amazon buys 11 aircraft to make deliveries faster By Reuters

Walter Byrd by Walter Byrd
January 5, 2021
in NYSE: BA
0
Amazon buys 11 aircraft to make deliveries faster By Reuters

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© Reuters. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru

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(Reuters) -Amazon.com Inc said on Tuesday it bought 11 Boeing (NYSE:) 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:) and four from WestJet Airlines, will join Amazon (NASDAQ:)’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:) 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.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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