Amazon to build $1.49 billion US cargo hub

By afaqs! news bureau, Mumbai, February 03, 2017
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The e-tailer is planning to schedule more than 200 flight departures and landings per day at this hub
Amazon to build $1.49 billion US cargo hub

E-commerce giant Amazon will lease 919 acres (372 hectares) from Cincinnati airport in Hebron, United States, and plans to schedule more than 200 flight departures and landings per day at a $1.49 billion cargo hub it is building, for the same purpose.

CNBC reports that Amazon has said its plane leases are designed to supplement, rather than replace its cargo partners like FedEx and UPS, but experts believe this move will render the latter as competitors, as it seemed to be longer-term decision aimed at lowering shipping costs. The airport lease is for 50 years.

Amazon has disclosed leasing 40 Boeing 767 planes till now of which 16 are in operation, across the United States.

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Source : http://www.cnbc.com/2017/02/01/amazon-plans-more-than-200-daily-flights-from-new-cargo-hub.html