Australia's Alliance Aviation Services jumps on $40 million engine sale

Alliance Aviation Services

24/06/2025 03:27

** Alliance Aviation Services AQZ.AX jumps 8.8% to A$2.35; on track for best day since April 30

** Stock among top 10 gainers on ASX All Ordinaries index .AORD

** Aviation services co strikes A$62.3 mln ($40.4 mln) deal with U.S.-based private co Beautech Power Systems for sale of 12 General Electric CF34-10 engines

** About 85,999 shares traded, 1.1x the 30-day avg

** AQZ falls 20.5% YTD

($1 = A$1.5434)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))