Alliance Aviation Services in Talks With Customer Regarding Commercially Unviable Deal; Shares Hit Near Nine-Year Low

MT Newswires Live

02/20

Alliance Aviation Services (ASX:AQZ) said that it is in talks with a major wet-lease customer regarding a commercially unviable arrangement, according to a Friday filing with the Australian bourse.

The company's fiscal first-half results were challenged by margin pressures from the arrangement, the filing said.

Shares of the company fell 7% and earlier hit a near nine-year low.

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