Australia's Alliance Aviation rises on sale of airframes, engine cores

Alliance Aviation Services

28/11/2024 24:18

** Shares of Alliance Aviation  AQZ.AX  rise as much as 4.2%
to A$2.72, their highest level since Nov. 12
    ** The aviation services co executes binding contract with
Airline Technical Support Caribe for the sale of 13 surplus
Rolls-Royce engine cores
    ** Additionally, co executes two binding contracts with
Scissortail Aviation and Bellinger Asset Management, covering
the sale of six Embraer E190 airframes
    ** Stock has fallen 18.9% this year as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))