Air New Zealand

Shares of Air NZ Increase by 4%

Shares of Air NZ Increase by 4%Yesterday, the shares of Air New Zealand were noted to have increased by 4%. The national airline and flag carrier made an announcement that its share buyback scheme has been decided to be extended for yet another year.

The report revealed that the shares of the company surged by 5.5c closing at $1.51.

Increase in Share of Air NZ Following the Share Buyback Extension

Increase in Share of Air NZ Following the Share Buyback ExtensionAccording to an announcement at the annual general meeting in Auckland, Air New Zealand is subjected to extend its share buyback scheme, leading to an increase in their shares by 6%. This buyback scheme was announced in the annual meeting this afternoon.

The trade shares of Air NZ were $1.44 yesterday. It opened at $1.455 in the morning and has finally reached a trading amount of $1.50.

New Zealand’s Airline Plans to Fly Antarctica

Air-New-ZealandAccording to new reports, there seems to be regular flights to Antarctica by the Air New Zealand, but scientists will only be allowed and not the common people.

There would be a test flight from Auckland to Pegasus Field on Ross Island in order to prove that there can be a trip between the two places.

Air New Zealand Gets Green Signal for Increasing its Stake in Virgin Australia

Air New Zealand Gets Green Signal for Increasing its Stake in Virgin AustraliaThe Australian Competition and Consumer Commission have permitted Air New Zealand to increase its stake in Virgin Australia to 25%.

Virgin Australia is second biggest airline in Australia. At present, Air New Zealand's stake in this airline is 19%. After lifting the stake by 6% the company will have a total of 25.9% stake in Virgin Australia.

Plane Loses Pressure, Alarms Passengers

Plane Loses Pressure, Alarms PassengersWhile Air NZ flight 414 was descending over Raglan, the same struck a problem. It has been found newly that the jet that tended to lose cabin pressure has been quarantined by the government inspectors.

The plane had frightened passengers and even forced emergency drop.

Air New Zealand Opts to Limit Dividend Payments

Air New Zealand Opts to Limit Dividend PaymentsAir New Zealand has been reported to have opted for limiting its dividend payments in its latest year. It was despite of the fact that it produced record operating cash flow. It piled cash on its balance sheet and pushed gearing below its target range. This served as a buffer against fleet against fleet renewal and volatile fuel costs.

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