BRIEF-Alliance Aviation Services Updates On 2023 Aircraft Acquisition Programme, Others

Reuters04-26

April 26 (Reuters) - Alliance Aviation Services Ltd

* UPDATE ON 2023 AIRCRAFT ACQUISITION PROGRAMME AND ALLIANCE SECURES FUNDING COMMITMENT

* THERE IS CURRENTLY A DELAY IN DELIVERY OF EACH AIRCRAFT

* NOW BELIEVES ONLY 12 AIRCRAFT EXPECTED TO SETTLE DURING 1 JAN TO 31 DEC 2024

* AS AT APRIL 26, 7 AIRCRAFT HAVE BEEN SETTLED AND DELIVERED TO ALLIANCE

* ESTIMATED COST OF 12 AIRCRAFTS BETWEEN A$128 MILLION AND A$144 MILLION

* ANZ, FOLLOWING FINAL CREDIT APPROVAL, AGREED TO UPSIZE TERM LOAN FACILITY BY FURTHER A$50 MILLION FACILITY

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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