Live
- DCA busts three quack clinics in Hyd, Jangaon and Mahabubnagar
- Man threatens to jump into lake if he doesn’t get divorced from his wife
- Vikram’s ‘Veera Dheera Sooran’ teaser: Laden with mass elements
- Tamil Nadu records 40.05 pc voting till 1 pm
- Sithara Entertainments announces ‘MAD Square;’ pooja ceremony held
- Google Unifies Hardware and Software Teams for Advanced AI Development
- Amit Shah Recalls Political Journey As He Files Nomination From Gandhinagar
- Political Furor Erupts Over Tragic Campus Murder In Karnataka
- Liver diseases in kids up due to junk food, sugar consumption
- Air India Suspends Tel Aviv Flights Amidst Middle East Tensions
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
