E-commerce giant Amazon and Canada’s Cargojet, betting on a surge in that country’s lagging online-shopping growth rate, are teaming in a deal that will see Amazon commit to a certain level of business in exchange for the right to acquire shares in Cargojet.  Amazon will be granted warrants to acquire up to 14.5% of Cargojet in exchange for providing a certain amount of business. The first tranche of warrants is priced at $C91.78 ($69) per share, and can be exercised within ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Amazon And Cargojet Form Strategic Partnership".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.