Tag Archives: Amazon acquires minority stakes in the US-based cargo airlines for $131mn

Amazon acquires minority stakes in the US-based cargo airlines for $131mn

Amazon.com Inc. has acquired a minority stake in a cargo airline that serves a portion of its rapidly expanding air-cargo division, the latest indication of the retailer’s long-term plans to expand its air-freight operations. Amazon paid $131 million for around 13.5 million shares of Air Transport Services Group Inc., the air freight company said in […]