Ann: Acquisition of Additional 16 Embraer E190 Aircraft, page-15

The article below suggests that AQZ will use some of their E190’s for dry leases:

http://www.smartaviation-apac.com/2020/12/australias-alliance-airlines-to-use-embraer-rjs-for-contract-flying-and-dry-leasing-business/

Dry leasing is where the aircraft only is leased with the customer supplying their own technical and passenger facing crew. I assume given the low capital cost and AQZ’s maintenance facilities (including through the recently acquired Toll Aviation Engineering) the lease cost will be attractive while still leaving AQZ a good margin.

Who are the possible dry lease customers:

• Qantas owned Network Aviation or National Jet Systems?
• Airnorth?
• Virgin Australia Regional Airlines?
• Rex?
• Heavylift?
• Toll Aviation?

Presumably existing employment conditions with QF and VA mainline mean that neither would cost effectively operate E190’s directly.

Wouldn’t make sense for AQZ to dry lease to direct FIFO charter competitors.