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Air New Zealand ( (ANZFF) ) has shared an announcement.
Air New Zealand has announced the acquisition of 1,377,285 ordinary shares through both on-market and off-market buy-back programs. This move, approved by the board, involves purchasing shares on the NZX and ASX, as well as from the New Zealand government. The shares will be canceled, impacting the company’s capital structure by reducing the total number of shares outstanding. This strategic action is part of the company’s efforts to optimize its capital management and potentially enhance shareholder value.
More about Air New Zealand
Air New Zealand Limited operates in the airline industry, providing air transport services for passengers and cargo. The company is primarily focused on the New Zealand market but also has international operations.
See more data about ANZFF stock on TipRanks’ Stock Analysis page.