Air New Zealand continues share buyback program

Air New Zealand (NZX:AIR) continues to execute its previously announced share buyback program, acquiring a total of 2,936,515 ordinary shares through both on-market purchases on the NZX and ASX and off-market acquisitions from the Sovereign in right of New Zealand acting by and through the Minister of Finance. The buyback is part of an initiative announced on 20 February 2025. Across the three reporting dates, the company purchased 888,854 shares for an average of NZD 0.6271 and AUD 0.5675, 908,640 shares for NZD 0.6230 and AUD 0.5661 and most recently, 1,139,021 shares for NZD 0.6223 and AUD 0.5625. Shares acquired from the Sovereign in right of New Zealand were purchased off-market, in addition to shares purchased on-market on the NZX and ASX. All repurchased shares will be cancelled and not held as treasury stock, leaving 3,345,227,130 ordinary shares in this class and 93 shares held as treasury stock as of April 3, 2025. The buyback program is authorized by a Board resolution dated 20 February 2025.