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Air New Zealand Initiates Share Buy-Back Program

Story Highlights
  • Air New Zealand operates in the airline industry, focusing on passenger and cargo services.
  • The company announced a share buy-back, acquiring 425,990 shares for cancellation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Air New Zealand Limited ( (ANZFF) ) has provided an update.

Air New Zealand Limited has announced a share buy-back program, acquiring 425,990 ordinary shares through both on-market and off-market transactions. This move, approved by the board, involves shares purchased from the NZX, ASX, and the New Zealand Crown, with the intention to cancel these shares, potentially impacting the company’s share value and market perception.

More about Air New Zealand Limited

Air New Zealand Limited operates in the airline industry, providing passenger and cargo air transport services. The company is a key player in the New Zealand market, focusing on both domestic and international routes.

YTD Price Performance: 2.26%

Average Trading Volume: 11,581

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.07B

See more data about ANZFF stock on TipRanks’ Stock Analysis page.

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