Alliance Aviation Services Limited (AU:AQZ) has released an update.
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Alliance Aviation Services Limited has entered into contracts to sell six Embraer E190 airframes and 13 Rolls-Royce engine cores, optimizing its inventory and boosting its financial outlook. The transactions are expected to generate significant cash benefits of up to $23 million and reduce future capital expenditures. These strategic sales highlight Alliance’s ongoing efforts to streamline operations and enhance its Aviation Services Business Unit.
For further insights into AU:AQZ stock, check out TipRanks’ Stock Analysis page.
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