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Of note, all of those 66 planes are leased from and operated by other cargo airlines, like Atlas Air. Amazon doesn't own the planes or employ the pilots, they j
by tidepod12 6y ago
Of note, all of those 66 planes are leased from and operated by other cargo airlines, like Atlas Air. Amazon doesn't own the planes or employ the pilots, they just lease the ability to paint the Amazon logo on the side and have the planes fly routes they choose.
It's unclear if the planes mentioned in the OP are talking about Amazon actually outright purchasing planes (which would be a first) or if they are just leasing more.
edit: Actually the article does say this at the bottom:
>Amazon launched its own air cargo fleet in 2016 and, prior to Tuesday's news, the company leased 80 planes, but the move is the first time the company has bought their own
- jandrese 6y agoI wonder if this means they'll be hiring their own pilots? Or are they buying the aircraft and then leasing them out to an air freight company to handle the operations? Basically the same situation but better for Amazon's taxes.
- jaywalk 6y agoThey'll almost certainly have another company handling operations and maintenance.
- granzymes 6y agoBloomberg confirmed that the purchased planes will be operated by contractors. https://www.bloomberg.com/news/articles/2021-01-05/amazon-makes-first-aircraft-purchase-to-expand-delivery-network https://www.bloomberg.com/news/articles/2021-01-05/amazon-ma...
- lordnacho 6y agoWhat's the point of painting the planes in your own colors?
- notatoad 6y agoIt impresses the other billionaires.
- petra 6y agoPlaying the stock market game.
- cosmodisk 6y agoThe same as putting your name on a skyscraper. Whenever you are over a city or landing with your private jet, you can always tell the guy sitting in front of you: oh,look, there they are! Remember I told you I bought 12 new Boeings?
- dkjaudyeqooe 6y agoLeasing is standard procedure in the industry. There is no point tying up billions in planes when those dollars could be more productive elsewhere. These were probably not leased because they were very cheap and had relatively little future value, making them unattractive for leasing companies.