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Old 03-29-2019, 10:49 AM
  #5  
JonnyKnoxville
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Joined APC: Sep 2009
Posts: 611
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If you read into the SEC filing on how the deal is structured, it all but solidifies that Atlas/Southern will remain a contractor for many years to come. The deal is structured where GECAS owns the airplanes and leases them to Amazon. Amazon then leases them to Atlas/Southern where Amazon retains all the flexibility.

This deal really highlights the significant threat of massive layoffs for the pilots of Atlas/Southern down the road when/if Amazon decided to start up their own airline.
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