Air New Zealand announces $100m share buy-back

Air New Zealand has announced a share buy-back programme set to commence on March 7, 2025.

The programme will have a maximum aggregate purchase price of $100 million and will involve the potential buy-back of up to 343.7m ordinary shares.

It will consist of an on-market buy-back component, where Air NZ will acquire shares through the NZX Main Board and ASX at the prevailing market price over a 12-month period.

The off-market buy-back component will involve the acquisition of a corresponding number of shares held by the Crown, in order to maintain the Crown's shareholding in the company.

The off-market acquisitions will be conducted in compliance with the Crown Participation Agreement.

The company said that the buy-back programme will not take place during any "blackout" periods, as defined in its Securities Trading Policy.