Latest Aviation News

Alliance Aviation has completed the retail leg of its entitlement offer, raising $636,000 from just 10.6% of the shares available. The shortfall will be allotted to sub-underwriters, taking the company’s total capital raising to approximately $40 million.

Alliance Aviation Services has launched the retail tranche of its fully underwritten $40 million equity raising, offering shareholders new shares at $0.70 each to reinforce its balance sheet and support ongoing turnaround efforts.

Alliance Aviation Services posted a statutory loss of $90.9 million in FY2026, driven by a $164.8 million impairment on its Fokker fleet, while underlying profit remained within guidance. The company is realigning around core FIFO operations, fleet renewal, and cost discipline, supported by a $40 million equity raise and revised Qantas wet lease terms.

After more than 11 years at the helm, Stewart Tully steps down as CEO of Alliance Aviation, handing leadership to Steven Greenway from October 2026. The transition aligns with Alliance's strategic realignment following a revised wet lease deal with Qantas.

Alliance Aviation Services has secured a materially improved wet lease agreement with Qantas, including higher pricing and a fleet reduction, while reaffirming its FY26 profit guidance amid operational realignment.

Alliance Aviation Services reported a $105.8 million half-year loss driven by significant impairments on its Fokker fleet, even as revenue rose 7.9% on wet lease and aviation services growth. The company is executing a strategic turnaround including fleet renewal and operational realignment.

Alliance Aviation Services has announced a significant $160 million impairment on its ageing Fokker aircraft fleet, signalling a strategic shift towards fleet renewal. The company plans to progressively retire these planes while maintaining operational stability.

Alliance Aviation Services reported record FY25 revenue and flying hours but faces margin pressures from rising costs and a major contract renegotiation. The company’s refreshed leadership is focused on operational improvements and debt reduction in FY26.

Trading in Alliance Aviation Services Limited (AQZ) shares has resumed following the lifting of a suspension tied to a recent trading update announcement.

Alliance Aviation Services has lowered its FY26 earnings guidance significantly below analyst expectations, citing increased depreciation, higher maintenance costs, and a contract dispute. Despite these challenges, the company maintains profitability and a strong balance sheet.

Alliance Aviation Services announces founder Scott McMillan will step down as Joint Managing Director at the November AGM, with Stewart Tully set to become sole Managing Director, concluding a year-long succession plan.

Alliance Aviation Services reported a robust 19% revenue increase to $769.7 million in FY25, driven by fleet expansion and strong operational performance. The company’s strategic investments and contract growth set a positive tone for FY26.