Qantas takes $60m stake in Alliance Aviation with majority view

Qantas has bought 20 per cent of Alliance Aviation and wants to grab an even bigger stake of the regional charter service.
Qantas bought the shares on market at an average $2.40 per share, and a substantial shareholder notice released two days ago showed Perpetual trimming its stake to 7.03 per cent.

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Cool, hopefully this will allow alliance to grow

Sounds great news for Alliance Aviation and hopefully they will grow more out of this share.

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This is great news for Alliance!

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I’ve never heard of Alliance.

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Can someone explain the share to me please, I understand a bit but not all