When looted he dropped the Reins of the Thundering Ruby Cloud Serpent.
After collecting 10x Skyshards I turned them into 1x Sky Crystal which allowed me to attack and kill Alani. Today I pretty much confirmed that Alani the Stormborn is infact the MoP version of the TLPD/Aeonaxx. This buff is removed from an item called Sky Crystal which is created by combining 10x Skyshard. He has a buff called Nimbus Shroud which makes him immune from being attacked. Comment by EsinarAlani the Stormborn is a level 92 rare spawn located flying around the Vale of Eternal Blossoms.