ATSG and Atlas clear the air on Amazon shareholding

There has been some confusion (much of it here at The Loadstar) over Amazon’s “ownership” of shares in its US air carriers.

And partners ATSG and Atlas Air are, understandably, keen to clear up misunderstandings.

It’s “a bit complicated”, in the words of one source, but the gist of the matter is that Amazon has never owned shares in either airline.

It has never sold any either. Instead, Amazon owns (unexercised) warrants, which gives it the right to buy shares at a set ...