Tuesday, June 18, 2019

Amazon to lease 15 more Boeing 737-800s through GECAS, to support one-day shipping

Amazon Inc. said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing through a partnership with General Electric Co.'s GE Capital Aviation Services (GECAS).

The 15 aircraft will be in addition to the five Boeing 737-800s already leased from GECAS, announced earlier this year. "These new aircraft create additional capacity for Amazon Air, building on the investment in our Prime Free One-Day program," said Dave Clark, senior vice president of worldwide operations at Amazon.

"By 2021, Amazon Air will have a portfolio of 70 aircraft flying in our dedicated air network." Amazon's stock rose 0.9% in pre-market trading, while Boeing shares climbed 1.3% and GE's stock tacked on 0.9%. The shares gains come as futures for the Dow Jones Industrial Average rallied 144 points.

(Tomi Kilgore - MarketWatch)