Alliance Aviation records substantial increase in profits for FY2017

10 August, 2017

Alliance Aviation stated (10-Aug-2017) the carrier, during FY2017, "continued its focus on revenue diversification and leveraging value from the Fokker Fleet project. Total Flying hours increased from expanded wet lease flying and an improvement in contract flying in H2FY2017". Alliance Aviation MD Scott McMillan stated the current results were pleasing and positions the business well for the future. CEO Leo Schofield added: "The profitability of the business has provided good cash flow from operations. These funds have been used to continue to invest in the expansion of the business. During this time, the carrier has also continued with the debt reduction strategy". [more - original PR]