The move will bring the e-commerce giant’s fleet of aircraft to 50 ‐ it leases a further 20 from ATSG and 20 from Atlas Air ‐ when all the aircraft are delivered in two years.
The ten aircraft will be leased from ATSG subsidiary Cargo Aircraft Management (CAM) and operated by one of the company's airlines.
CAM will deliver five of the B767s in 2019 and the remainder in 2020. All of the leases will be for 10 years, with the possibility to extend them for up to three more years.
Amazon will also have the option to lease a further 17 cargo aircraft by January 2026 if it increases its shareholding (see details below) in ATSG.
The deal will also see ATSG extend its five-year leases of twelve B767-200F aircraft by two years into 2023, with an option to extend for up to three additional years, and its existing seven-year leases of eight B767-300F aircraft by three years until 2026 and 2027, with an option to extend for up to three additional years.