Alliance Aviation Expands Fleet with Acquisition of 14 Embraer E190 Aircraft

Check out this article about Azorra on Aviator.

Excerpt:

“Alliance Aviation Services Limited (“Alliance”) has entered an agreement with Azorra Aviation LLC of the United States to expand its fleet, specifically with the following aviation equipment:

• The purchase of 14 Embraer E190 aircraft including a significant package of related inventory, ground support equipment, tooling and training devices;
• The purchase of six spare General Electric CF34 engines;
• An option to acquire a further five E190 aircraft;
• An option to acquire a full flight simulator and related training equipment;

Aircraft will be delivered progressively over eight months commencing in September 2020;

• Financial settlement will be matched against aircraft deliveries.

All aircraft will undergo repainting with Alliance livery, prior to delivery in Australia.

The total acquisition price for the package is US$79,400,000 and will be funded from the proceeds of the placement and SPP announced by Alliance on 11 June 2020.”

• Written by: TJLX

Read the rest of the article on Aviator:

https://newsroom.aviator.aero/alliance-aviation-expands-fleet-with-acquisition-of-14-embraer-e190-aircraft/