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In what could be seen as a blow to a major customer, Atlas Air has gone where ATSG went – a deal to lease and operate 20 aircraft for Amazon and sell the e-tailer up to 20% of its shares over a five-year period.

Atlas doesn’t currently have all the 20 767-300Fs needed for the operation; and the ones it does have are operated for its major customer (and now competitor as Amazon supplier), DHL.

It is expected to look at the conversion market for its additional ...

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