Australia's Alliance Aviation jumps on aircraft inventory sale

Alliance Aviation Services

27/06/2025 02:00

** Alliance Aviation AQZ.AX jumps 14.2% to A$2.570, highest since June 10

** Stock marks biggest intraday pct gain since July 13, 2023

** Co sells majority of its stock of Embraer E190-E1 jets to AVIAN inventory management

** Says total consideration for the deal was $32.5 million

** YTD, AQZ gains 7%

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))