Jeff Bezos and company are investing heavily in airplanes and airline companies.
Amazon on Thursday announced a new deal with cargo freight airline Atlas Air Worldwide.
The company will lease 20 Boeing B767-300 jets to Amazon. Bezos will also receive warrants in Atlas which could give Amazon the ability to buy a 30% stake in the company.
Shares of Atlas jumped by about 25% on the news.
This is the second deal Amazon has struck with a cargo company this year.
In March, Amazon agreed to lease 20 Boeing 767s from Air Transport Services Group. As part of that deal Amazon was granted warrants which would allow the e-commerce giant to buy up to a 19.9% stake in Air Transport Services Group.
Amazon currently owns a 9.99% stake in ATSG.
Both moves show that Amazon is hoping to place less reliance on UPS and Fedex.
Dave Clark, Amazon’s senior vice president of worldwide operations, said in a release that the investment will help Amazon get more packages to its “rapidly growing number of Prime members who love ultra-fast delivery.”
As Walmart, Target, and other competitors place more emphasis on their e-commerce platforms, speed and cost is going to be a major factor for Amazon as it attempts to maintain its fierce competitive advantage in the online commerce space.