Australia’s Alliance Aviation Services, which operates as Alliance Airlines, has executed two binding contracts with Scissortail Aviation and Bellinger Asset Management covering the sale of six Embraer E190 airframes.
Under the contracts Alliance will sell the airframes, which have been, or will be, purchased by Alliance over the next three months.
The first of the deliveries will occur this month, with all scheduled to be completed by the end of February 2025. Four of the airframes are already owned by Alliance and two remain to be settled with lessor Aercap in January and February 2025.
Alliance will retain ownership of the aircrafts’ engines, undercarriages and APUs, which will remain in storage in Europe and be marketed for sale, or retained for Alliance’s own use.
The airframes represent six of the batch of 30 previously announced under a transaction with AerCap in February 2023. The aircraft have been operated by a U.S. airline since new.
These transactions monetize significant surplus inventory holdings and also provide additional high value components in a ‘ready for sale’ condition, the company said.
“It is important to note that the underlying basis for the AerCap transaction was to provide a ready supply of high-quality GE CF34-10 engines for Alliance’s growing E190 fleet, and this transaction forms an important part of that strategy,” Alliance’s MD, Scott McMillan said in an earlier statement.
Announcing the deal to acquire the 30 aircraft in 2023, the Australian airline said that some could be disassembled, and the engines and other components retained to support the balance of the company’s Embraer, fleet thus ensuring Alliance has access to a sizeable parts pool for the E190 fleet.
Alliance has a fleet of 46 E190s, together with 38 Fokker 70s and 100s, with firm purchase commitments for a further 17 E190s stretching into 2026.
Alliance operates a wide range of airline services in Australia, including an extensive portfolio of 'fly in, fly out' sectors to the country’s interior, moving personnel to and from remote mining sites.
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