Originally Posted by
JonnyKnoxville
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.
Sounds awfully familiar. Go back to the early 1980’s. UPS had Orion, Ryan, and Evergreen flying UPS jets. Then one day in 1988 decided to bring it all in house.