Alliance Aviation Services Limited (AU:AQZ) has released an update.
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Alliance Aviation Services Limited has reported a record-breaking year with a 65% increase in profit before tax to $86.3 million and a 25% rise in revenue to $637.2 million, driven by strong performance in its contracted wet lease operations. The company also saw a significant increase in flight hours to over 100,000, reflecting the success of its fleet expansion and the renewal of seven major FIFO contracts. Alliance is optimistic about continued growth in the coming year, as it expands its fleet and capitalizes on further opportunities.
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