Alliance Aviation receives $100 million funding from Pricoa Private Capital

Alliance Aviation has signed a deal with Pricoa Private Capital for a private placement shelf facility of up to $100 million. Pricoa is part of the Prudential Financial Group. The airline confirmed of this arrangement in a recent profit guidance note filed with the Australian Stock Exchange (ASX). As per the filing, Alliance will use the funding to pay for future aircraft settlements and to meet working capital requirements. The notes, which will be issuable in either USD or AUD over the next three years, will have maturity dates of up to ten years. Alliance has a history of working