From a Hill City Capital insider:
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.