The latest update is out from Air New Zealand Limited ( (ANZFF) ).
Air New Zealand Limited has announced a share buy-back program involving the acquisition of 282,569 ordinary shares. This program includes both on-market and off-market purchases, with shares acquired from the NZX, ASX, and the New Zealand Crown. The buy-back is part of a board-approved initiative aimed at optimizing the company’s capital structure, with the acquired shares set to be canceled. This move reflects Air New Zealand’s strategic efforts to enhance shareholder value and manage its equity base effectively.
More about Air New Zealand Limited
Air New Zealand Limited operates in the aviation industry, providing air travel services primarily in New Zealand and internationally. The company is a key player in the airline sector, focusing on passenger and cargo transportation.
YTD Price Performance: 13.23%
Average Trading Volume: 12,178
Technical Sentiment Signal: Hold
Current Market Cap: $1.15B
See more data about ANZFF stock on TipRanks’ Stock Analysis page.