Air NZ announces $100m share buyback

Air NZ announces $100m share buyback
Air NZ chair Dame Therese Walsh says the buyback is an expression of confidence. (Image: NZME)
Pattrick Smellie
Air New Zealand is launching a share buyback scheme targeting up to $100 million worth of its shares.At the closing share price for Air NZ shares Wednesday of 62.5 cents, that implies a buyback of up to 160m shares.“Air New Zealand’s strong balance sheet, liquidity and financial discipline provides us with the flexibility to successfully manage the short-term challenges we face while also continuing to invest in our future and return capital to our shareholders,” chair Dame Therese Walsh told the NZ Exchange (NZX).“The s...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025