Alliance Aviation Services Inks Letters of Intent for Sale of Airframes, Engine Cores to European Clients

MT Newswires Live09-04

Alliance Aviation Services (ASX:AQZ) secured letters of intent for the sale of six Embraer E190 airframes and 13 surplus Rolls-Royce engine cores, according to a Wednesday filing with the Australian bourse.

The six Embraer E190 airframes will be sold to a European company and are part of the 30 aircraft previously announced under the Aercap transaction in February 2023, the filing stated.

The 13 surplus, time expired or unserviceable Rolls-Royce Tay 620/650 engine cores will be sold to another European operator. The first three engine cores will be delivered this month.

The estimated cash benefit of the transactions and resulting airframe capital expenditure avoidance is between AU$20 million and AU$23 million in FY2025-26, according to the filing.

Price (AUD): $2.98, Change: $+0.020, Percent Change: +0.68%

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