Alliance Aviation

Qantas (QF) and Alliance Aviation Services Ltd (Alliance) have announced the cancellation of their agreement, initially made in May 2022, for Qantas to complete the acquisition of the Australian-based charter operator.

Australia’s Qantas Airways (QAN.AX) told on Thursday it would buy the remaining 80% stake in Alliance Aviation Services (AQZ.AX) for A$610.8 million ($443.14 million) in an all-stock agreement to grow its footprint in the charter business.