Australia's Quickstep gains on deal with airline operator Alliance Aviation

Alliance Aviation Services

10/07/2023 02:06

** Shares of Quickstep Holdings  QHL.AX  rise 6.1% to
A$0.26, hitting their highest since June 19
    ** The aerospace business signs a memorandum of
understanding (MOU) with charter flight operator Alliance
Aviation Services  AQZ.AX  
    ** Says MOU opens negotiations to secure formal contracting
arrangements in support of Alliance' growing fleet of Embraer
E190 aircraft
    ** AQZ shares were trading flat
    ** QHL stock down 54.6% this year, as of last close 

    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))