Amazon could take as much as 30% stake in Atlas Air

New York

AMAZON.COM Inc could take as much as a 30 per cent stake in a large cargo airline, its second such deal this year as the e-commerce giant steps up efforts to take control of its own delivery logistics.

As part of the agreement, Atlas Air Worldwide Holdings Inc will operate 20 Boeing Co 767-300 cargo planes for Amazon, according to a statement from the airline on Thursday.