Amazon poised to acquire 9.99% of air cargo partner ATSG

Amazon is ready to buy nearly 10% of ATSG, as soon as ATSG has a stockholder meeting ? or on July 8 ? whichever is sooner. The e-tailer has the right to buy up to 19.99% over the next five years. Amazon had insisted on share ownership as part of its deal to wet lease 20 767Fs from ATSG. Once it owns 10%, it will have a seat on the aviation group’s board. At a cost of $69m (and a ...