Air New Zealand (ASX:AIZ, NZE:AIR) repurchased for cancellation 824,771 ordinary shares, according to a Monday filing with the New Zealand and Australian bourses.
The company acquired 182,676 ordinary shares on New Zealand's Stock Exchange at an average price of NZ$0.6062 each and 221,462 ordinary shares on the Australian Securities Exchange for an average price of AU$0.5504.
It also acquired off-market 420,633 shares from the finance minister for NZ$0.6034 apiece.
The company's shares fell 5% on the Australian bourse and 6% on the New Zealand bourse.
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