A regulatory filing on Friday revealed that Amazon, the e-commerce company has bought about ten percent stake in Air Transport Services Group, an airplane leasing company. Its plans seem to be more than just leasing cargo planes for handling its own shipping.
Amazon said last week that it would lease twenty Boeing 767 planes from ATSG for delivering added customers' orders. With a larger stake in the leasing company, Amazon will also have a greater influence on ATSG's operations and is likely to gain more knowhow of the air shipping business.