Amazon is a potential customer, says Textron aviation chief
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[RHODE ISLAND] Textron Inc sees Amazon.com Inc as a potential customer, the head of the company's aviation business told CNBC on Tuesday, given the increased need for freight and transport with a booming ecommerce industry.
"We see the whole freight industry as something that is going to double in the next 15 years, so we are investing in that market," Textron aviation chief executive, Scott Ernest, said.
Textron makes the Beechcraft and Cessna jets and services the Hawker brand of business jets.
Logistics companies have seen a surge in ecommerce packages over the last decade, especially during the holiday season.
FedEx Corp on Tuesday agreed to buy some of Textron's newly-launched Cessna SkyCourier 408.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
