Australia's Alliance Aviation Services jumps on contract renewal with BHP

Alliance Aviation Services

15/09/2023 02:28

** Shares of Alliance Aviation Services  AQZ.AX  rise as
much as 1.6% to A$3.170, set to gain after three consecutive
days of losses, if gains hold
    ** Aviation services co says it has executed an extension of
its contract with BHP Iron Ore Pty Ltd for a five-year term plus
one two-year extension option
    ** Under the renewal Alliance will provide 14 services a
week between Perth and BHPIO's sites of Coondewanna and
Barimunya
    ** Stock set for its worst week in last four
    ** Three of three analysts rate the stock "buy" or higher;
their median PT is A$4.50 – Refinitiv data
    ** Stock down 0.3% this year as of last close

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))