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.