A new regulatory submitted a file on Friday where it showed that Amazon has owned 9.99% of Air Transport Services Group (ATSG), the organization it consented to rent 20 Boeing 767 wide-body vessel airship from a week ago, as it observed that its stock leaped nearly 5% in after- hours exchanging taking after the documenting.
The possession stake occurs a week after the arrangement in the middle of ATSG and Amazon was made open for public. As a component of the arrangement, ATSG conceded Amazon the privilege to purchase up to 19.9% of its stock throughout the following five years.
The news is only the most recent in a progression of moves by Amazon that demonstrates its more extensive desire at building its own in-house transportation and logistics administration.
It as of late enlisted Amazon China as a sea cargo forwarder and purchased a great many its own particular Amazon-marked trailer trucks, while calling itself a “transportation service provider“ without precedent for its yearly report.
This is just another step in Amazon’s ambitious plans to become a part of everything.
After all has been said and done, Amazon was unavailable for any comments, but we shall keep you posted if we have any updates on the matter.