Alliance Aviation Services buys five more Fokker 100 Aircraft

Company News

by Rachael Jones

Alliance Aviation Services (ASX:AQZ) has entered an agreement with Swiss airline Helvetic Airways for the purchase of five Fokker 100 aircraft. 

They also bought Helvetic’s spare engines, parts and tooling. 

This acquisition continues to build on their fleet with the purchase of 21 Fokker aircraft from Austrian Airlines in December 2015.

This purchase enhances Alliance’s position as the largest supplier of engines and spare parts outside of Fokker.

Shares in Alliance Aviation Services (ASX:AQZ) are trading 1.96 per cent higher at $2.60.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.