Amazon to lease 15 more Boeing 737-800s through GECAS, to support one-day shipping | GE Message Board Posts

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Msg  6255 of 6662  at  6/18/2019 11:43:16 AM  by

jerrykrause


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

 
 

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

 REPORTER AND EDITOR
 
Amazon.com Inc. AMZN, +1.56% said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. BA, +3.63%through a partnership with General Electric Co.'s GE, +3.68% 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 premarket trading, while Boeing shares climbed 1.3% and GE's stock tacked on 0.9%. The shares gains come as futures YMM19, +1.35% for the Dow Jones Industrial AverageDJIA, +1.34% rallied 144 points. 


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