AQZ 3.53% $2.93 alliance aviation services limited

Ann: Half Year Results Presentation, page-11

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  1. 10,773 Posts.
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    Net debt has increased by $33mil during the half year but they have taken delivery of a number of E190 aircraft and the facilities from ANZ must be cheaper than traditional aircraft leasing deals - the final three E190's were called up in January and will arrive here next month so I would expect ANZ has created Facility IV for these. Considering the size of their assets($507mil in aircraft WDV) they don't appear over-extended to me and I certainly wouldn't be expecting a capital raising - they do have $320mil in shareholder equity with no intangible assets(less than 250k).
 
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