Alliance Aviation Announces Lucrative Asset Sales

Alliance Aviation Services Limited (AU:AQZ) has released an update.

Alliance Aviation Services Limited has entered into agreements to sell six Embraer E190 airframes to a European buyer and 13 Rolls-Royce engine cores to another operator, with deliveries starting this month and continuing over the next fiscal year. These transactions, which are expected to yield a cash benefit of $20m to $23m, align with Alliance’s strategy to maintain a high-quality engine supply for their expanding fleet and will also reduce annual capital expenditure by $10m to $15m from FY26 onwards.

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