Live
- Govt plans to establish offshore Johns Hopkins University Campus in India
- Goa Aces clinch Indian Racing League title
- Study finds how hormone therapy can reshape the skeleton
- High-street fashion players looking at India for manufacturing: Report
- Shreyas Iyer to lead Mumbai as Prithvi Shaw returns for Syed Mushtaq Ali Trophy
- 'Failed to resolve crisis': NPP withdraws support from BJP govt in Manipur
- Chennai: Actress Kasturi Remanded in Custody Until 29th of This Month
- Aaqib Javed likely to become Pakistan's new white-ball head coach
- BJP panel to draft poll charge sheet against AAP govt in Delhi
- Allu Arjun Thanks Fans in Patna, Teases 'Pushpa 2' Release
Amazon takes nearly 10 per cent stake in Air Transport Services Group
Highlights
Amazon.com Inc has taken a 9.99 per cent stake in Air Transport Services Group Inc, the company from which it will be leasing freighter aircraft.
Amazon.com Inc has taken a 9.99 per cent stake in Air Transport Services Group Inc, the company from which it will be leasing freighter aircraft.
Last week, Amazon said it had signed a deal with ATSG to lease 20 Boeing 767 wide body freighter aircraft to handle more of its own deliveries in the United States.
As part of the agreement, Amazon has the right to buy up to 19.9 per cent of ATSG's stock over five years at $9.73 per share.
Amazon took the stake in ATSG as of March 8, a day before the retailer publicly announced its deal with the company. ATSG shares closed at $14.56 on Friday.
Next Story
ADVERTISEMENT
