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In major shakeup Qantas to buy Alliance Aviation

Qantas has reached an agreement to fully acquire Australian-based operator, Alliance Aviation Services Ltd enabling it to better serve the growing resources sector.

The agreement, which is subject to a vote from Alliance shareholders and competition clearance, would see Alliance become a wholly-owned part of the Qantas Group.

Alliance has a fleet of 70, 100-seat aircraft used mainly on resource charters and accounts for around 2 per cent of the total domestic market.

READ: Qantas 11 weeks from bankruptcy in 2020

Qantas is Alliance’s biggest customer, with a long-term agreement that sees Alliance operate up to 18 E190 jets for QantasLink read more ⇒

Source:: AirlineRatings.Com

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