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Qantas Airways Announces to Acquire Alliance Aviation

05 May 2022  |  08:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Qantas to Acquire Alliance Aviation

Qantas Airways reached an agreement to fully acquire Australian-based operator, Alliance Aviation Services (ASX: AQZ) (Alliance), enabling the national carrier to better serve the growing resources sector. The agreement, which is subject to a vote from Alliance shareholders and competition clearance, would see Alliance become a wholly-owned part of the Group. There is no change to its arrangements with Alliance as a result of the announcement given the approvals required, which would take a minimum of several months to secure.

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