Publish Date: January 31, 2017
Amazon.com Inc. is investing $1.39 billion at Cincinnati/Northern Kentucky International Airport to move its primary air cargo hub there.
The hub will bring 2,700 new jobs and 40 Boeing 767 aircraft to the airport as a result of $40 million in incentives approved by the state on Tuesday.
“They cited the economic vitality of the region and our ability to bring this to market quickly,” CVG CEO Candace McGraw said.
The new service will be called Amazon Prime Air and Amazon (NYSE: AMZN) will lease two parcels totaling 900 acres to house it. The land will be leased a fair market value for 50-plus years.
“They would like to get a shovel in the ground as soon as possible,” McGraw said.
McGraw said CVG will invest $5 million in infrastructure improvements for Amazon’s hub, which is similar to what it did for DHL’s operations there. She said CVG’s infrastructure can support the increase in cargo traffic along with its growing passenger numbers. McGraw said the airport’s cargo operations could actually help with the cost of operations for passenger carriers.
The Courier will continue to update this story.
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