News / Blow to express airlines as Amazon leases 20 767Fs and eyes ATSG share deal

© Cunaplus

© Cunaplus

By Alex Lennane

09/03/2016

In what could be a blow to express airlines, Amazon has signed an agreement with Air Transport Services Group (ATSG) for the lease of 20 767Fs for five to seven years – although the agreement to operate the aircraft is for five years only.

Admitting that, as the market had speculated for some time, the aviation group has been working with Amazon since last summer, ATSG added in a statement that it had agreed to offer Amazon warrants to buy up to 19.9% ...

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