10 of the ASX's best management teams And I reckon the airline services company, Alliance Aviation Services (ASX:AQZ), and the team under Scott McMillan there. He's been managing the company as director for nearly 20 years. He has managed to build a business model that remarkably suits the sector's very, very deep cycles. He's been really patient and opportunistic, taking advantage of a slump in the industry to buy planes at distress prices. And they've developed a business model that I think delivers attractive and relatively predictable returns on capital in an industry that is certainly not known for that. I mean a 30% return on capital over their listed life is a very simple demonstration of what I said earlier about what to look for in identifying solid management. And we reckon there's more value creation to come now that they've bought those Embraer E190 aircraft during the slump.
AQZ Price at posting:
$3.93 Sentiment: Buy Disclosure: Held
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