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Agreement includes lease of 20 Boeing 767 freighters to retail giant.
Atlas Air is to provide air transport services for Amazon in a deal that includes the lease of 20 Boeing 767s. The long-term AtlasAir B747commercial agreements will include the operation of 20 B767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis by Atlas Air Worldwide’s airline subsidiary, Atlas Air, Inc., as well as dry leasing by its Titan Aviation leasing unit.
The dry leases will have a term of ten years, while the CMI operations will be for seven years (with extension provisions for a total term of ten years).
Operations under the agreements are expected to begin in the second half of 2016 and ramp up to full service through 2018.
In March, Amazon signed a deal to lease 20 Boeing 767 freighters from Air Transport Services Group. Read more
Source: LOGISTICS MANAGER
