Business

Amazon in talks to lease Boeing jets to launch air-cargo business

New York:Dec 19; Amazon.com Inc is negotiating to lease 20 Boeing Co 767 jets to start its own air-delivery service next month, seeking to avoid delays from third-party carriers, the Seattle Times reported, citing cargo-industry executives.

Amazon has approached several cargo-aircraft lessors to line up the planes, the newspaper reported on Friday, citing a senior aircraft-leasing company executive familiar with matter.

The e-commerce giant has had talks with Air Transport Services Group (ATSG), Atlas Air and Kalitta Air, Seattle Times said.

Amazon expects to go beyond its Wilmington, Ohio trial run, being operated by ATSG, and start a larger air-cargo operation by the end of January, the newspaper said.

ATSG and Kalitta Air could not be immediately reached for comment. Amazon, Boeing, and Atlas Air declined to comment.

NABARD puts Odisha's credit potential at Rs 71419.85 crore

Bhubaneswar: National Bank For Agriculture and Rural Development (NABARD) on Wednesday projected an overall credit potential for Odisha under priority...

Sensex surges 300 pts, closes above 35k-mark for first time

Mumbai: Benchmark Sensex soared over 310 points today to close above the 35,000-mark for the first time ever, while the broader Nifty too ended at a f...

Govt lowers additional borrowings to Rs 20K cr in FY18

New Delhi:The government today lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated e...

Sensex advances 70 pts in volatile trade; IT stocks gain

Mumbai: The benchmark BSE Sensex recovered 70 points in opening trade on Wednesday on gains in IT, banking and auto stocks despite weak Asian cues.The...