Business
Alliance Aviation (ASX:AQZ) share price soars to new all-time high
The Alliance Aviation Services Ltd (ASX: AQZ) share price is breaking new ground today after the company announced it is expanding its current fleet.
During mid afternoon trade, the company’s shares reached an all-time high of $4.05 but have since slightly retreated. At the time of writing, the Alliance share price is up 5.24% to $4.02.
What’s moving the Alliance share price
In today’s release, Alliance advised it has entered a contract with United States-based company Jetran LLC. The agreement will see Alliance acquire 16 Embraer E190 aircraft and one spare General Electric CF34 engine.
The aircraft, previously operated by American Airlines, are of a 99 seat, two-class cabin configuration.
The total purchase price of the…
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