Alliance Airlines to acquire more Fokker 70s

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Australia's Alliance Airlines has announced that it will acquire up to five additional Fokker 70LRs to service its growing base of resource charter customers.

The airline says it has entered into a binding commitment on one aircraft and made non-binding commitments on two aircraft, which are pending final inspection. It has also taken options on two more Fokker 70s.

"The long-range capability of the Fokker 70LR delivers important benefits to mining companies and a significant competitive advantage to the company," says the firm.

The aircraft will be funded through a A$25 million ($26 million) share placement on the Australian Securities Exchange, with additional funds used to pay down the company's bank debt.

Alliance Airlines operates a fleet of 14 Fokker 100 aircraft, five Fokker 50 aircraft and two Fokker 70 aircraft, according to Flightglobal's Ascend Online database.