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Air New Zealand Limited ( (ANZFF) ) has issued an announcement.
Air New Zealand Limited has announced the acquisition of 798,283 ordinary shares as part of its share buy-back program, which includes both on-market purchases on NZX and ASX, and off-market purchases from the New Zealand Crown. This strategic move, approved by the board, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening the company’s market position.
More about Air New Zealand Limited
Air New Zealand Limited is a prominent airline company operating in the aviation industry. It primarily offers passenger and cargo air transportation services, focusing on both domestic and international markets.
YTD Price Performance: 2.90%
Average Trading Volume: 12,078
Technical Sentiment Signal: Buy
Current Market Cap: $1.21B
Learn more about ANZFF stock on TipRanks’ Stock Analysis page.