Alliance Aviation Undertaking Equity Capital Raising To Take Advantage Of The Growth Opportunities

1 min read | June 11, 2020 12:32 PM AEST | By Team Kalkine Media

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Alliance Aviation Services Limited (ASX:AQZ) recently updated multiple prospective expansion opportunities. On that front, the company is undertaking an equity capital raising to raise A$91.9 million through fully underwritten institutional placement and further A$30 million through a non-underwritten share purchase plan.

The key opportunities identified by the company includes:

Provide additional services to the existing customers in response to the changes in their air travel requirements due to COVID-19.
Continue to offer services to entities that were not existing long-term clients of Alliance before COVID-19.

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