Brief: Alliance Aviation Services Ltd Provides Fleet Update

Alliance Aviation Services

08/08/2022 02:21

Aug 8 (Reuters) - Alliance Aviation Services Ltd  AQZ.AX :
    * FLEET UPDATE
    * WET LEASE ACTIVITY INCREASED SIGNIFICANTLY FROM APRIL
    * CONTRACT CHARTER ACTIVITY WAS STABLE IN FY22
    * COMMITTED A CONTRACT TO SELL ALL FIVE FOKKER 50S,
ASSOCIATED
SPARE ENGINES, PARTS, TOOLING
    * SALE WILL RESULT IN A NON-CASH ACCOUNTING  WRITE DOWN OF
A$12.1
MILLION WHICH HAS BEEN RECOGNISED IN 2022 FY
    * DISPOSAL  WILL ALLOW FOR FLEET RATIONALISATION, CREW &
ENGINEERING REDEPLOYMENT
    * FOKKER 50 NON-CASH WRITE DOWN OF A$12.1 MILLION RESULTED
IN CO
INCURRING UNAUDITED FY STATUTORY LOSS OF A$7.1 MILLION
    * PROCEEDS OF SALE WILL BE A$4.6 MILLION WHICH WILL BE
RECEIVED IN
Q1 OF FY2023

Source text for Eikon:  ID:nASX3wyLWz 
Further company coverage:  AQZ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))