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June 18, 2019, 8:13 a.m. EDT

Amazon to lease 15 more Boeing 737-800s through GECAS, to support one-day shipping

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By Tomi Kilgore

Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.23% said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. /zigman2/quotes/208579720/composite BA +1.10% , through a partnership with General Electric Co.'s /zigman2/quotes/208495069/composite GE +0.97% GE Capital Aviation Services (GECAS). The 15 aircraft will be in addition to the five Boeing 737-800s already leased from GECAS, announced earlier this year. "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 stock rose 0.9% in premarket trading, while Boeing shares climbed 1.3% and GE's stock tacked on 0.9%. The shares gains come as futures for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.14% rallied 144 points.

Read the full story:
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 1,839.34
-4.21 -0.23%
Volume: 1.97M
Sept. 13, 2019 4:00p
P/E Ratio
76.31
Dividend Yield
N/A
Market Cap
$909.84 billion
Rev. per Employee
$359,671
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 379.76
+4.13 +1.10%
Volume: 3.63M
Sept. 13, 2019 6:30p
P/E Ratio
44.47
Dividend Yield
2.16%
Market Cap
$213.70 billion
Rev. per Employee
$660,961
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/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 9.34
+0.09 +0.97%
Volume: 45.59M
Sept. 13, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
0.43%
Market Cap
$81.51 billion
Rev. per Employee
$429,735
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,219.52
+37.07 +0.14%
Volume: 255.26M
Sept. 13, 2019 4:56p
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