Alliance Aviation Services will raise A$40 million in equity to reduce debt and support working capital after FY2026 underlying pre-tax profit fell 54% to A$38.2 million and it recorded a statutory after-tax loss of A$90.9 million. The group is renegotiating its Qantas wet-lease arrangement, progressively retiring Fokker 100s and targeting FY2027 underlying pre-tax profit of A$55–60 million.

Alliance Aviation Services suspended trading in its shares until 26 August 2026 while considering a possible debt or equity raising. The move follows financial pressure from a previously loss-making Qantas wet-lease contract and rising E190 maintenance and depreciation costs, alongside an upcoming CEO transition from Stewart Tully to former Flyadeal chief Steven Greenway.

Turkish Airlines will receive some of its 15 A350-1000s with fuel-system enhancements allowing an additional 9,500 litres of fuel to support services to Australia. The modified aircraft will not be the A350-1000ULR variant, and the first delivery is scheduled for 2027.