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SEEKING ALPHA reports: With business outlooks hindered by a dealmaking drought and sluggish market conditions in ...
SEEKING ALPHA reports:
It has been nine years in the making, but Amazon (AMZN) just announced it will begin deliveries using Prime Air drones later this year as it attempts to get the long-delayed project off the ground. The service will initially be available in Lockeford, California – which is about 40 miles south of Sacramento – and will use feedback from the service to improve its operations. To fly delivery drones in the U.S., companies have to be approved by the FAA, and the retail behemoth is one of only three firms in the U.S. that has received Part 135 certification.
How it works? “Once onboarded, customers in Lockeford will see Prime Air-eligible items on Amazon. They will place an order as they normally would and receive an estimated arrival time with a status tracker for their order. For these deliveries, the drone will fly to the designated delivery location, descend to the customer’s backyard, and hover at a safe height. It will then safely release the package and rise back up to altitude,” Amazon (AMZN) wrote in a blog post…
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