• Enters binding sale agreement with Beautech Power Systems for 12 GE CF34-10 engines
• Total consideration of ~$62.3m (USD40.2m)
• 10 engines to be delivered this financial year, 2 in early FY26
• Significant reduction in inventory value and net debt position

Alliance Aviation Services Limited (ASX: AQZ) has announced that the company has entered into a binding sale and purchase agreement with Beautech Power Systems (Dallas, Texas) for the sale of twelve (12) General Electric CF34-10 engines. These engines were previously removed from six airframes sold to Eirtrade and announced in September 2024. Ten engines will be delivered this current financial year and the remaining two will be delivered in early FY26. The total consideration for this transaction is approximately $62.3m (USD40.2m), with the final amount subject to standard adjustments for delivery conditions and the prevailing AUD/USD exchange rate. This transaction will have no impact on the current profit guidance provided for the current financial year. The sale of these engines will lead to a substantial reduction in inventory value in this financial year, and a consequent and significant reduction in the net debt position of the Company. Alliance Managing Director, Scott McMillan, stated that the company is delighted to have monetized the inventory at values commensurate with current market prices and take advantage of the low AUD/USD exchange rate. The company also formed a strong relationship with Beautech, a leading trader and lessor of aircraft engines, during the negotiations.