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#1411
27th November 2024, 08:48 AM
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#1413
29th November 2024, 10:26 AM
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From CH-Aviation
Alliance Aviation Services Limited, trading as Alliance Airlines (QQ, Brisbane International), has executed contracts to sell six E190 airframes and thirteen Rolls-Royce engine cores, according to a November 28 Australian Stock Exchange filing. The filing says the company signed the airframe contracts with US-based Scissortail Aviation LLC and Sydney-based Bellinger Asset Management Pty Ltd. It signed the engine core contract with Curaçao-based Airline Technical Support Caribe B.V. The E190 airframes come from a parcel of 30 aircraft purchased from AerCap in early 2023. Four of the six being sold are already owned by Alliance, and the company is due to settle on the remaining two in the first quarter of 2025. Deliveries to Scissortail and Bellinger will begin next month and conclude by the end of February. Alliance will retain ownership of the engines, undercarriages, and auxiliary power units, which will be stored in Europe and remarketed or retained for internal use. The company says the thirteen Rolls-Royce Tay 620 and 650 engines are either surplus, time-expired, or unserviceable. Alliance's fleet of F70s and F100s use the engine type. Deliveries of the engines have already commenced and will also be finalised by the end of February. Alliance Airlines says the transactions monetise surplus inventory holdings and provide additional high-value componentry in ready-for-sale condition. The company expects to record a cash and capital expenditure avoidance benefit of AUD20-23 million Australian dollars (USD13-15 million) in the first half of 2025 from the asset sales.
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#1414
29th November 2024, 11:29 AM
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Alliance has always been very clever with its purchases and parting out.
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