ATSG delivers 767 Freighter to MasAir (NASDAQ:ATSG)

Monday, 27 July 2020, 17:41:18
Under 5-year dry lease agreement terms with Air Transport Services Group (ATSG +0.8%) subsidiary Cargo Aircraft Management (CAM), the company delivered a B
— Seeking Alpha

Analysis: Amazon Air And ATSG Grow Together

Friday, 5 June 2020, 20:41:13
Amazon’s announcement that it will lease 12 all-cargo aircraft from a key contract carrier demonstrates how the online retail and logistics giant has created a formidable private airline in the span of four years to keep up with the enormous growth of e-commerce. The additional Boeing 767 freighters will expand Amazon’s (NASDAQ: AMZN ) fleet beyond 80 aircraft by the end of 2021, and a new report from researchers at DePaul University in Chicago estimates Amazon Air could have about 200 aircraft at its disposal in seven to eight years. Amazon Air now operates almost 100 flights per day despite focusing primarily on North America, it said. Having an air network to complement its ubiquitous ground-based shipping network allows the company to better control price and performance for overnight and two-day delivery promised to 105 million Prime members, and move inventory between fulfillment centers. Analysts say that having an in-house airline not only helps its own supply chain but positions Amazon to offer third-party, end-to-end logistics services like those of FedEx (NYSE: FDX ) and UPS (NYSE: UPS ) The new aircraft stem from a December 2018 deal with Air Transport Services Group (NASDAQ: ATSG ) that gave Amazon options for 17 aircraft and increased rights to own a piece of its business partner.
— Benzinga Feeds

Air Transport Services stock soars after deal to lease 12 Boeing 767s to Amazon

Thursday, 4 June 2020, 15:28:08
Shares of Air Transport Services Group Inc. undefined soared 10.3% toward a 4 1/2-month high in premarket trading Thursday, after the aircraft leasing…
— MarketWatch

Amazon Air expands aircraft fleet to help more people in Covid-19 times

Thursday, 4 June 2020, 06:59:00
Seattle, June 4 (IANS) Amazon has announced to lease 12 additional 767-300 converted cargo aircraft, increasing their fleet to over 80 aircraft as part of its dedicated air cargo network to help people who rely on items they need delivered directly to their doorstep in these unprecedented times. The ecommerce giant leased the converted cargo aircraft from Air Transport Services Group (ATSG that will join Amazon’s existing fleet of 70 aircraf. One of the new aircraft joined Amazon’s air cargo operations in May 2020, with the remaining 11 to be delivered in 2021. The combined experience in the industry and access to a fleet of 767 cargo aircraft make us an ideal partner to support the growth of Amazon Air’s fleet, the company said in a statement late Wednesday. Amazon Air has played a central role during the COVID-19 pandemic by transporting essential PPE supplies for Amazon associates, frontline health workers and relief organizations across the US. “Amazon Air is critical to ensuring fast delivery for our customers – both in the current environment we are facing, and beyond,” said Sarah Rhoads, Vice President of Amazon Global Air.
— Sify.com

Amazon leases 12 Boeing aircraft to bolster air cargo fleet

Wednesday, 3 June 2020, 23:02:16
Amazon said on Wednesday that it leased 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group, bringing its total fleet to more than 80, as it pushes for faster delivery amid a surge in online orders.
— CNBC