Amazon Adds 15 Planes to Air Fleet | Financial Buzz

Amazon Adds 15 Planes to Air Fleet, Inc. (NASDAQ: AMZN) announced that it will be adding 15 more Boeing 737-800 freighters, in preparation of Amazon Air, the e-commerce giant’s own air delivery network.

The Company said it expects to have at least 70 planes by 2021. “These new aircraft create additional capacity for Amazon Air, building on the investment in our Prime Free One-Day program,” said Dave Clark, Senior Vice President of Worldwide Operations at Amazon. “By 2021, Amazon Air will have a portfolio of 70 aircraft flying in our dedicated air network.” Amazon’s main Air Hub will be located at the Cincinnati/Northern Kentucky International Airport in 2021, with more air facilities opening in 2019.

Amazon, in an attempt to speed up its e-commerce deliveries, introduced Amazon Air two weeks after FedEx announced that it would not be renewing its express air shipping agreement with Amazon. “We’re delighted to support Amazon Air’s dedicated air network… The capability of the 737-800 freighter will further Amazon’s ability to provide reliable and regional delivery to its customers for years to come,” said Richard Greener, GECAS Cargo’s Senior Vice President.

With the introduction of Amazon Air, formerly known as Prime Air, the Company hopes to continue providing one-day shipping on millions of items while also competing with retail giants Walmart and Target, which offer their own fast delivery services.