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Alliance flags more aircraft

written by australianaviation.com.au | October 22, 2012
Alliance Airlines Fokker 100 VH-FKD. (Dave Parer)

Resource charter FIFO operator Alliance Airlines has used its annual general meeting to flag plans to continue expanding its aircraft fleet.

“Despite the current economic environment your company continues to experience growth and this will result in the need to acquire further aircraft,” chairman Steve Padgett said. “The Board are continuing to review appropriate funding mechanisms.”

Alliance’s current fleet of 26 aircraft comprises 18 Fokker 100s, two Fokker 70s and six Fokker 50s, all but one of which are operational.

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CEO Scott McMillan told shareholders, “we now have all our operational fleet in service and with recent contract wins our fleet will be operating at capacity for the first time.”

Alliance publicly listed on the ASX last December – “one of the more successful floats in the last 12 months,” McMillan said. For the financial year ended June 30 2012 it posted a pro-forma net profit after tax of $19.1 million on revenues of $184.2 million. The Alliance IPO raised $74 million in new equity, allowing it to reduce debt by $28 million.

The airline has a market capitalisation of approximately $190 million.

 

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Alliance flags more aircraft Comment

  • Keef

    says:

    Hopefully that will mean they will get rid of the tired old 737-300 they lease from Airwork

Leave a Comment

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Alliance flags more aircraft

written by australianaviation.com.au | October 22, 2012
Alliance Airlines Fokker 100 VH-FKD. (Dave Parer)

Resource charter FIFO operator Alliance Airlines has used its annual general meeting to flag plans to continue expanding its aircraft fleet.

“Despite the current economic environment your company continues to experience growth and this will result in the need to acquire further aircraft,” chairman Steve Padgett said. “The Board are continuing to review appropriate funding mechanisms.”

Alliance’s current fleet of 26 aircraft comprises 18 Fokker 100s, two Fokker 70s and six Fokker 50s, all but one of which are operational.

Advertisement
Advertisement

CEO Scott McMillan told shareholders, “we now have all our operational fleet in service and with recent contract wins our fleet will be operating at capacity for the first time.”

Alliance publicly listed on the ASX last December – “one of the more successful floats in the last 12 months,” McMillan said. For the financial year ended June 30 2012 it posted a pro-forma net profit after tax of $19.1 million on revenues of $184.2 million. The Alliance IPO raised $74 million in new equity, allowing it to reduce debt by $28 million.

The airline has a market capitalisation of approximately $190 million.

 

PROMOTED CONTENT

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Alliance flags more aircraft Comment

  • Keef

    says:

    Hopefully that will mean they will get rid of the tired old 737-300 they lease from Airwork

Leave a Comment

Your email address will not be published. Required fields are marked *

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