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Alliance Aviation Services Limited ( (AU:AQZ) ) has shared an update.
Alliance Aviation Services Limited has entered into a binding agreement with Beautech Power Systems for the sale of twelve General Electric CF34-10 engines, realizing approximately USD 40.2 million. This transaction will significantly reduce Alliance’s inventory value and net debt, aligning with the company’s objectives of unlocking surplus value and retiring debt, while strengthening its relationship with Beautech, a leading trader and lessor of aircraft engines.
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. The company is involved in the trading and leasing of aircraft engines, with a market focus on optimizing inventory levels and financial performance.
Average Trading Volume: 63,385
Technical Sentiment Signal: Sell
Current Market Cap: A$349.3M
For an in-depth examination of AQZ stock, go to TipRanks’ Overview page.