UPS - Air Transport Services Group: A Cheaper Way To Invest In Amazon's Growth
Introduction
Value investors often shy away from major eCommerce players like Amazon (AMZN), Shopify (SHOP), and several others due to their high valuations. In my search for companies that would indirectly benefit from the eCommerce boom, I came across Air Transport Services Group (ATSG). This article outlines the opportunities in ATSG for the long-term investor.
Background
ATSG is the world's largest lessor of freighter aircraft and operates through multiple subsidiaries.
Source: Investor Presentation
The company provides dry lease of aircraft, ACMI - aircraft, crew, maintenance & insurance, or wet