- Hawaiian Holdings Inc HA has agreed Amazon.com Inc AMZN to operate and maintain an initial fleet of 10 Airbus SE EASY A330-300 Freighters take off in Fall 2023.
- Hawaiian will maintain and fly Amazon’s A330s as part of its FAA aviation certification to move cargo between airports near Amazon’s facilities.
- The first 10 aircraft will enter service in 2023 and 2024.
- The agreement also includes the option to expand the fleet based on Amazon’s future business needs.
- Hawaiian intends to establish a pilot base in the US mainland, expand existing maintenance bases and expand hiring of pilots, mechanics, dispatchers and supply chain personnel.
- In connection with the trading agreement, the Hawaiian has issued Amazon warrants to acquire up to 15% of its common stock. The warrants are exercisable over the next 9 years.
- “This relationship provides a catalyst for the growth of our business and a unique opportunity to diversify our revenue streams while capitalizing on our established strengths,” said CEO Peter Ingram.
- also read: Amazon faces £900m UK class action lawsuit alleging algorithm abuse
- Price promotion: HA shares are trading up 13.42% at $15.98 on the last check Friday.
- Photo via company
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