Amazon.com (NASDAQ: AMZN) has taken a minority stake in cargo airline Air Transport Services Group (NASDAQ: ATSG), strengthening a strategic partnership in its fast-growing private air network that supports e-commerce fulfillment.
ATSG said in an SEC filing Monday that Amazon for the first time exercised warrants it held, paying $131 million to take a 19.5% share in the Wilmington, Ohio-based aircraft leasing and aviation services company.
Amazon is purchasing about 14.4 million shares in two...
https://www.freightwaves.com/news/amazon-investment-strengthens-partnership-with-cargo-airline-atsg