Aliases certainly _work_ in bash (even when not in POSIX mode. What do you mean by "honors"?
When not in POSIX mode, aliases are only expanded for interactive use.
$ echo '#!/bin/sh \n alias p=printf \n p %s\\\\n "hello world!"' > ok.sh $ chmod 755 ok.sh $ ./ok.sh hello world! $ echo '#!/bin/bash \n alias p=printf \n p %s\\\\n "hello world!"' > nope.sh $ chmod 755 nope.sh $ ./nope.sh ./nope.sh: line 3: p: command not found
When not in POSIX mode, aliases are only expanded for interactive use.