ALLIANCE AVIATION SERVICES ORD
Alliance Aviation Services streamlines business with $62.3m sale of 12 aircraft engines to US customer
Alliance Aviation Services (ASX: AQZ) has confirmed the $62.3 million sale of 12 General Electric CF34-10E engines to US-based Beautech Power Systems. The high-thrust, turbofan engines are currently in Ireland after being removed from six aircraft frames sold to Dublin-based Eirtrade Aviation. Alliance will deliver ten of the engines to Beautech before month-end and the […]
ACCC blocks Qantas-Alliance tie-up, Star Group reveals low earnings and Irish national to lead flailing EML Payments
The Australian Competition and Consumer Commission (ACCC) has stonewalled Qantas Airways’ (ASX: QAN) proposed acquisition of private charter flight service company Alliance Aviation Services (ASX: AQZ). Qantas scooped up a 19.9% holding in Alliance in February 2019, and in May last year followed up with a bid acquire 100% of the airline for about $614 […]
The heroes of the 2021 reporting season
For a profit reporting season that promised the first bloom of earnings recovery, August’s slew of disclosures lacked a bit of froth and bubble. The numbers themselves were ok, in the context of earnings rebounding from last year’s Covid impact. But the outlook statements were unconvincing, and investors had largely factored in the historical numbers. […]
Airline and travel stocks feel the impact of coronavirus
ASX-listed airline and travel stocks have taken a pummelling as tightening travel restrictions due to the coronavirus pandemic severely impact demand. Airlines around the globe have been slashing flight capacity with Virgin Australia Holdings (ASX: VAH) being the latest to announce plans to suspend all international flights until mid-June and cut domestic flight capacity in half. It […]
