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Alliance Aviation Services Limited ( (AU:AQZ) ) has provided an announcement.
Alliance Aviation Services Limited has entered into a strategic agreement to sell the majority of its Embraer E190-E1 spare parts inventory to AVIAN Inventory Management for USD32.5 million. This move is part of Alliance’s strategy to enhance its operational support for the E190 fleet and reduce its net debt. The partnership with AVIAN, a leading supplier of Embraer spare parts, will establish a significant inventory presence at Brisbane Airport, benefiting both Alliance and other operators in the Asia-Pacific region. This transaction, along with a recent engine sale, aims to strengthen Alliance’s balance sheet and improve fleet reliability and service delivery.
The most recent analyst rating on (AU:AQZ) stock is a Buy with a A$4.22 price target. To see the full list of analyst forecasts on Alliance Aviation Services Limited stock, see the AU:AQZ Stock Forecast page.
More about Alliance Aviation Services Limited
Alliance Aviation Services Limited operates in the aviation industry, focusing on providing aviation services with a particular emphasis on the Embraer E190 fleet. The company is involved in fleet management, including the supply and management of spare parts, and serves a diverse customer base across the Asia-Pacific region.
Average Trading Volume: 60,446
Technical Sentiment Signal: Sell
Current Market Cap: A$383.1M
Find detailed analytics on AQZ stock on TipRanks’ Stock Analysis page.