AMAZON.COM is set to take a stake in the parent of Hawaiian Airlines as part of a deal to expand the e-commerce giant's air cargo operation, reports Bloomberg.
Hawaiian Holdings issued warrants allowing amazon to acquire as much as 15 per cent of the carrier's outstanding shares.
Hawaiian's shares climbed 4.3 per cent 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 US$724 million.
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Hawaiian Holdings issued warrants allowing amazon to acquire as much as 15 per cent of the carrier's outstanding shares.
Hawaiian's shares climbed 4.3 per cent 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 US$724 million.
SeaNews Turkey
