Australia's Alliance Aviation on trading halt as shares jump over 50% on Qantas negotiations
06/08/2026 04:24
BUZZ-Australia's Alliance Aviation on trading halt as shares jump over 50% on Qantas negotiations ** Trading in shares of Alliance Aviation Services AQZ.AX has been paused
** Prior to trading halt, stock up as much as 52.5% at A$0.915 to mark its biggest intraday pct gain
** The airline services provider reaches an agreement with top Australian carrier Qantas QAN.AX on existing wet lease contract, agreed on a 'meaningful increase' in pricing and annual price escalation mechanism
** Company to right-size business to align workforce with future operational requirements, reaffirms FY26 earnings outlook as well
** Shares hit their highest level since February 19, before trading came to a halt
YTD, shares down 36.6%
(Reporting by Nichiket Sunil in Bengaluru)
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