Alliance Aviation records substantial increase in profits for FY2017

    Alliance Aviation announced (10-Aug-2017) FY2017 results highlighting a substantial increase in profit before tax of AUD19.6 million (USD15.5 million) and total revenue of AUD203 million (USD160.5 million). Alliance Aviation stated: “During FY2017, Alliance continued its focus on revenue diversification and leveraging value from the Fokker Fleet project. Total Flying hours increased from expanded wet lease flying and an improvement in contract flying in H2FY2017″. Speaking after the release of the results, Alliance Aviation MD Scott McMillan stated the current results were pleasing and positions the business well for the future. [more – original PR]