Join our daily newsletter At The Bell to receive exclusive market insights
- Quickstep (QHL) inks an MoU with QLD-based Alliance Airlines (AQZ) to provide maintenance in supporting the latter’s fleet expansion program
- The contract will also see Quickstep exploring whether or not it can team up with the equipment manufacturers of the Embraer E190
- Alliance is aiming to grow its fleet of Embraer E190 aircraft
- Both companies are seeking to advance and bolster Australia’s domestic aerospace supply chain
- Quickstep shares last traded at 24.5 cents, while shares in Alliance last traded at $2.83
Quickstep (QHL) has signed a memorandum of understanding (MoU) with Queensland-based Alliance Airlines (AQZ) to provide maintenance in supporting the latter’s fleet expansion program.
Both parties aim to explore Quickstep’s ability to provide component repairs for Alliance’s upcoming Embraer E190 aircraft fleet expansion.
The company signed a contract last year to provide Jetstar with maintenance services.
Quickstep has referred to this MoU as significant, with four key elements underpinning the partnership.
The first is exploration of the potential for a multi-year component support agreement for the fleet.
The second will see Quickstep inspect its ability to produce composite and metal materials of a similar nature with a view towards the global supply chain.
The third involves Quickstep analyzing its capacity to provide onshore support to the Embraer original equipment manufacturer (OEM) for the construction of aircraft engine housing.
Finally, the fourth element of the MoU commits Quickstep to provide technical support at Alliance’s Rockhampton heavy maintenance facility.
“Quickstep is proud to be in a position to offer this Australian supply chain solution,” QHL CEO Mark Burgess said.
“Alliance have a strong desire to build domestic MRO capability as evidenced by their investment in Rockhampton.”
Meanwhile, Alliance Managing Director Scott McMillan noted the strategic imperative to bolster domestic aerospace supply chain resilience.
“It’s particularly important for the aviation industry in Australia that we work with suppliers like Quickstep to build onshore skill sets and repair capability to achieve prompt turnaround times on component repairs and maintenance,” he said.
Quickstep shares last traded at 24.5 cents, while shares in Alliance last traded at $2.83.
