Alliance Aviation creates a new business and establishes a European presence

25-Nov-2015 Alliance Aviation Services Limited (Alliance or the Company) today announced that it has contracted to purchase Austrian Airlines entire fleet of 21 Fokker Aircraft for a total consideration of USD 15 million ( a combination of shares and deferred cash payments). This fleet consists of 15 Fokker 100 and 6 Fokker 70 aircraft. It provides Alliance with a cost effective and guaranteed supply of engines and parts for its existing fleet. This acquisition provides significant revenue opportunities in wet leasing, dry leasing, engine sales and leasing, spare parts sales and aircraft sales. It diversifies Alliance's revenue streams. No debt funding is required to undertake this acquisition. Austrian Airlines AG becomes a shareholder of Alliance. The transaction will be earnings accretive in future years.