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Amazon leasing 20 Boeing 767s to expand air delivery network

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Published Thu, Mar 10, 2016 · 09:50 PM

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    AMAZON.COM Inc is stepping up plans to build its own air delivery network, saying it will lease 20 Boeing 767 freighters from Air Transport Services Group Inc, sending shares in the lessor up the most in almost two years.

    The agreement shows Amazon's commitment to expanding its own logistics network to make deliveries faster and more efficient. The Seattle-based company wants to lessen its dependence on United Parcel Service Inc and FedEx Corp, which have sometimes run into delays during the busy holiday season.

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