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Alliance Aviation Celebrates Record-Breaking Year
Company Announcements

Alliance Aviation Celebrates Record-Breaking Year

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

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Alliance Aviation Services Limited has marked FY24 as its most successful year, with a 39% increase in flight hours primarily due to higher demand for wet lease services and a 5% rise in contract charter hours. The company attributes this success to its fleet and growth strategy initiated in mid-2020, which included acquiring 67 Embraer E190 aircraft and increasing staff to over 1,400. Additionally, Alliance has opened a new maintenance facility in Rockhampton and secured the Airbus hangar at Brisbane Airport for future expansion.

For further insights into AU:AQZ stock, check out TipRanks’ Stock Analysis page.

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