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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.