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BRISBANEBrisbane-based Australian regional airline operator Alliance Airlines signed an agreement with the Texas-based Jetran LLC to further expand its fleet through the purchase of 16 additional Embraer E190 jets.

The total acquisition price for the package is AUD85 million which will be funded through a mixture of existing cash facilities, operating cash flows, and debt.

“Alliance has again taken advantage of its strong financial position and current market conditions to acquire these quality aircraft at a compelling value. The 100 seat jet aircraft market globally will rebound quickly as carriers look to focus on total trip costs rather than traditional metrics,” 

said Managing Director, Scott McMillan.

The planes were previously operated by American Airlines and are in a 99 seat two-class cabin configuration and will be delivered to Alliance Airlines over an 11-month period beginning with five aircraft in December 2020 and then once a month until November 2021.

Alliance took delivery of its first Embraer E190 jet this year in October. The carrier cureently operates one E190 jet and 47 Fokker series jets (5 Fokker 50, 15 Fokker 70, 27 Fokker 100).

This additional capacity will be deployed to capture several growth opportunities across Australia including contract flying and wet and dry lease operations.

“The acquisition of these 16 aircraft is in addition to the previously disclosed acquisition of 14 E190 aircraft from Azzora Aviation. This transaction completes Alliance’s short-term fleet expansion strategy and while the Azzora transaction included options for five additional aircraft, these options will now not be exercised,” 

he said.

The E190 simulator purchased as part of the Azzora E190 transaction is currently in transit to Brisbane and will be utilized for most of the initial and all recurrent pilot training.

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