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An interesting condition of the Amazon deal with Atlas, for 767 freighters: but [Amazon] may cancel the CMI deal with just 180 days’ notice merely for the sake
by dingaling 10y ago
An interesting condition of the Amazon deal with Atlas, for 767 freighters:
but [Amazon] may cancel the CMI deal with just 180 days’ notice merely for the sake of “convenience”, which can be implemented from January 1, 2018.
CMI is (air)crew, maintenance and insurance and they then combine that with a dry-lease of the airframes from an Atlas subsidiary.
http://theloadstar.co.uk/atlas-air-shareholders-approve-amazon-deal-despite-fears-pilots-ground-crew/ http://theloadstar.co.uk/atlas-air-shareholders-approve-amaz...
So it looks as if 2017 will be the proving-year for Amazon to determine whether they want to take the plunge into self-managed logistics, and they have an escape clause if not.
- cosmoharrigan 10y agoThat is interesting. But the dry lease would survive cancellation of the CMI agreement, right?