More ATSG planes to fly for Amazon
Air Transport Services Group (ATSG), an Ohio (USA)-based provider of medium wide-body cargo aircraft leasing, air cargo transport and related services, has agreed to lease and operate ten additional B767 freighters for Amazon.com Services.
In addition, ATSG will extend leases for the twenty B767F aircraft it currently provides to Amazon, and extend the operating agreement through which ATSG’s airlines operate those aircraft in the Amazon Air network.
In conjunction with the new and amended commercial arrangements, Amazon will be granted warrant rights which, if exercised, would further expand its potential equity stake in ATSG. The arrangements also provide warrant incentives for Amazon to lease up to seventeen additional cargo aircraft from ATSG. (ah)