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The latest update is out from Air New Zealand ( (ANZFF) ).
Air New Zealand has announced the acquisition of 828,866 ordinary shares as part of its share buy-back program. This includes 406,080 shares acquired on-market through NZX and ASX, and 422,786 shares acquired off-market from the New Zealand government. The buy-back, approved by the board, aims to optimize the company’s capital structure and enhance shareholder value. The acquired shares will be cancelled, reducing the total number of shares outstanding, which may positively impact the company’s earnings per share and market perception.
More about Air New Zealand
Air New Zealand Limited is a prominent airline company operating in the aviation industry, providing air travel services primarily in New Zealand and internationally. The company is listed on the New Zealand Stock Exchange (NZX) and the Australian Securities Exchange (ASX), and it focuses on offering passenger and cargo transport services.
Learn more about ANZFF stock on TipRanks’ Stock Analysis page.