Amazon to buy into Hawaiian Airlines

Amazon to buy into Hawaiian Airlines

To expand its cargo-hauling activities utilising a fleet of Airbus freighters, is prepared to acquire a stake in Hawaiian Airlines’ parent company.

According to a statement released on Friday, Hawaiian Holdings Inc. issued warrants enabling Amazon to purchase up to 15% of the carrier’s outstanding shares.

The announcement of the proposal coincides with Amazon‘s freight airline growing at its slowest rate since the pandemic began, a hint that the e-commerce giant is adjusting to lax demand.

Watch more stories here

Leave a Comment

Verified by MonsterInsights