UPS to acquire MNX Global Logistics
PRESS RELEASE SEPTEMBER 28, 2023 7:45AM EDT UPS to Acquire MNX in Strategic Move to Expand Global ...
Nathan Coats
KfW IPEX-Bank‘s Elena Sternberg writes:
Setting up an airline is a challenging and expensive undertaking given the high start-up costs and many operational risks. Still, the fleet of Amazon Air, founded in 2016, was launched with 10 cargo planes and now, three years later, has been increased to 50 aircraft. As a result of this rapid development, Amazon Air is now the fourth largest all-cargo operator measured in fleet size, right behind DHL, UPS and Fedex.
To read the full note, please click here.
Comment on this article