Air New Zealand (ASX:AIZ, NZE:AIR) repurchased 520,407 ordinary shares under an on-market and off-market buyback program, according to a Monday filing with the New Zealand and Australian bourses.
The company acquired 175,000 ordinary shares on New Zealand's Stock Exchange at an average price of NZ$0.6254 per share and 80,000 ordinary shares on the Australian Securities Exchange for an average price of AU$0.5703. It also acquired 265,407 shares from the finance minister for NZ$0.6258 apiece.
The acquired shares will be canceled.
The company's Kiwi and Australian shares each fell nearly 2% in recent Monday trade.
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