Aug 23, 2026 – 3.33pmQantas Airways-backed Alliance Aviation Services is getting set to go cap in hand to shareholders, asking for fresh funds to fix its over-levered balance sheet via a rescue recapitalisation deal.Qantas was blocked in its bid to own 100 per cent of regional fly in, fly out services airline Alliance Aviation. Oscar ColemanSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Rescue recap in the works for Qantas-backed Alliance Aviation
As of Sunday, deal size and structure was still moving around and a final decision on price had not been made, the anonymous sources said.
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