Amazon to Lease Another 15 Boeing 737-800s From GE Capital Aviation

Date : 06/18/2019 @ 8:51PM
Source : Dow Jones News
Stock : General Electric Company (GE)
Quote : 10.13  0.07 (0.70%) @ 1:26AM
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Amazon to Lease Another 15 Boeing 737-800s From GE Capital Aviation

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By Colin Kellaher

 

Amazon.com Inc. (AMZN) on Tuesday said it will lease another 15 Boeing Co. (BA) 737-800 cargo aircraft from a unit of General Electric Co. (GE) as the e-commerce giant moves to beef up its one-day free-shipping service.

Amazon said the 15 aircraft, which are in addition to the five 737-800's it already leases from GE Capital Aviation Services, will enter its air network by 2021.

Amazon earlier this year said it would invest $800 million to make one-day free shipping the standard for Prime members, instead of two days.

"These new aircraft create additional capacity for Amazon Air, building on the investment in our Prime Free One-Day program," said Dave Clark, Amazon's senior vice president of worldwide operations.

Amazon, which also leases freighters from Atlas Air Worldwide Holdings (AAWW), said it will have 70 aircraft flying in its dedicated air network by 2021.

Amazon announced the deal with GECAS at the International Paris Air Show.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

June 18, 2019 08:36 ET (12:36 GMT)

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