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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 +0.75% said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. /zigman2/quotes/208579720/composite BA -0.60% , through a partnership with General Electric Co.'s /zigman2/quotes/208495069/composite GE -0.69% 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 +0.11% rallied 144 points.

Read the full story:
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 1,752.53
+13.04 +0.75%
Volume: 2.84M
Nov. 18, 2019 4:00p
P/E Ratio
77.59
Dividend Yield
N/A
Market Cap
$862.43 billion
Rev. per Employee
$359,671
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 369.46
-2.22 -0.60%
Volume: 3.82M
Nov. 18, 2019 6:30p
P/E Ratio
56.66
Dividend Yield
2.22%
Market Cap
$209.18 billion
Rev. per Employee
$660,961
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/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 11.44
-0.08 -0.69%
Volume: 50.99M
Nov. 18, 2019 6:30p
P/E Ratio
395.85
Dividend Yield
0.35%
Market Cap
$100.61 billion
Rev. per Employee
$429,735
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,036.22
+31.33 +0.11%
Volume: 252.32M
Nov. 18, 2019 4:56p
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