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Investor Alert

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

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

Amazon.com Inc. (NAS:AMZN) said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. (NYS:BA) , through a partnership with General Electric Co.'s (NYS:GE) 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 (DOW:DJIA) rallied 144 points.

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