That's great!

But what are they intending to do with 30 extra jets ??

18th December 2020


ASX RELEASE

ASX: AQZ


Alliance Aviation Services Limited further expands the fleet with the acquisition of an additional 16 Embraer E190 aircraft

Alliance Aviation Services Limited (“Alliance”) has today entered into an agreement with Jetran LLC, of the United States, to further expand its fleet through the purchase of 16 additional Embraer E190 aircraft and one spare General Electric CF34 engine.

The total acquisition price for the package is AUD85 million which will be funded through a mixture of existing cash facilities, operating cash flows and debt.

“Alliance has again taken advantage of its strong financial position and current market conditions to acquire these quality aircraft at compelling value. The 100 seat jet aircraft market globally will rebound quickly as carriers look to focus on total trip costs rather than traditional metrics,” said Managing Director, Scott McMillan.

The aircraft were previously operated by American Airlines and are in a 99 seat two-class cabin configuration and will deliver to Alliance over an eleven-month period beginning with five aircraft in December 2020 and then one a month until November 2021.

This additional capacity will be deployed to capture several growth opportunities across Australia including contract flying and wet and dry lease operations.

“The acquisition of these 16 aircraft is in addition to the previously disclosed acquisition of 14 E190 aircraft from Azzora Aviation. This transaction completes Alliance’s short-term fleet expansion strategy and while the Azzora transaction included options for five additional aircraft, these options will now not be exercised.” he said.
The E190 simulator purchased as part of the Azzora E190 transaction is currently in transit to Brisbane and will be utilised for most of the initial and all recurrent pilot training.

Alliance expects that the E190 will be added to its CASA Air Operator’s Certificate during March 2021. There is forecast to be no material impact on the FY21 financial performance as a result of this acquisition, with the full year impact of the transaction expected in FY23.

Alliance will be releasing its half year results on Wednesday, 10thFebruary 2021.

- Ends -

Underway again as SXI2064.

Landed at Honolulu a couple of hours ago

Flightaware showing N974QQ/SXI2064 into Brisbane at 03:14PM AEST today.

Embraer 190 AR 190.00012 VH- Alliance Airlines N-regd 21dec20 prior delivery 1q21 ex SJO ex N912QQ

QQ added their 2nd E190 to the register on 24/12 as UYW

Is N974QQ now the registered VH-UYW, Greg?

Yes, I'll more detail on the next one.

N932QQ has now made an appearance in the Alliance livery at San Jose

https://www.jetphotos.com/photo/9996056

Embraer 190 AR 190.00058 N944UW Jetran owner regd 28dec20, parked at ROW (+ 190.00112 N951UW) ex PT-SIL

These two may be getting ready to head our way ?