Alliance Aviation Secures $33 Million Institutional Equity Injection

Institutional Investors Back $33 Million Raise

Alliance Aviation Services (ASX:AQZ) has successfully closed the institutional leg of its $40 million equity raising, securing approximately $33 million through a fully underwritten placement and an institutional entitlement offer priced at $0.70 per share. The strong 95.8% take-up from eligible institutional shareholders, excluding two accelerated individual shareholders, underscores solid support amid the company’s ongoing turnaround program.

Equity Raise Aims to Strengthen Balance Sheet

The capital injection is intended to enhance Alliance’s balance sheet flexibility, primarily funding working capital needs and initiating debt reduction. This move aligns with the company’s strategic reset announced in recent weeks, following a challenging FY2026 marked by a $90.9 million statutory loss driven by significant fleet impairments and a revised operational focus on FIFO services and fleet renewal.

Retail Offer Opens Early September

The retail entitlement offer will open on 2 September 2026 and run until 11 September, inviting eligible retail shareholders in Australia and New Zealand to participate at the same $0.70 price. All eligible board members have confirmed their intention to participate, signalling confidence from management. New shares issued will rank equally with existing shares, with trading expected to commence on 7 September following settlement on 4 September.

Trading Resumes After Short Halt

Shares will recommence trading on 28 August 2026 after a brief ASX-imposed trading halt linked to the equity raising process. This timing allows the market to digest the institutional raise results ahead of the retail offer. Chairman James Jackson expressed gratitude for the strong institutional support and welcomed new investors, highlighting the equity raise as a key step in Alliance’s recovery efforts.