Amazon to Take Hawaiian Airlines Stake in Cargo-Hauling Deal

A Hawaiian Airlines plane
A Hawaiian Airlines plane at Seattle-Tacoma International Airport. (Ted S. Warren/Associated Press)

[Stay on top of transportation news: Get TTNews in your inbox.] Inc. is poised to take a stake in the parent of Hawaiian Airlines as part of a deal to expand the e-commerce giant’s cargo-hauling operations.

Hawaiian Holdings Inc. issued warrants allowing Amazon to acquire as much as 15% of the carrier’s outstanding shares, according to a statement on Oct. 21. The warrants are exercisable over the next nine years.

Hawaiian’s shares climbed 4.3% as of 9:17 a.m. before regular trading in New York, while Amazon was little changed. The airline company’s market value was about $724 million as of Oct. 20’s close.

Amazon ranks No. 19 on the Transport Topics Top 100 list of the largest private carriers in North America.

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