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Air New Zealand ( (ANZFF) ) just unveiled an update.
Air New Zealand has announced a share buy-back program involving the acquisition of 1,486,387 ordinary shares. This includes both on-market and off-market purchases, with a significant portion acquired from the New Zealand government. The buy-back is part of a board-approved strategy to optimize capital structure, and the acquired shares will be cancelled, potentially enhancing shareholder value and impacting the company’s stock liquidity.
More about Air New Zealand
Air New Zealand Limited operates in the airline industry, providing air transport services for passengers and cargo. The company focuses on both domestic and international markets, leveraging its strategic position in New Zealand to connect the country with global destinations.
Learn more about ANZFF stock on TipRanks’ Stock Analysis page.