Alliance Aviation Services Limited (ASX:AQZ) notified the market about COVID-19 response and trading update No 3. Key highlights are as follows.
- All staffs of the Company are being fully paid their salary and leave entitlements (long service, annual, and sick leave).
- AQZ has not been qualified for any JobKeeper payments.
- Funding from Federal Government has helped AQZ to continue the RPT operations.
- Business model of the Company has survived the biggest crisis which impacted the global aviation industry.
AQZ quoted $2.60 a share on the ASX at 12:02 PM AEST and the stock was up by 20.93 per cent relative to its last close.
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