AIR Announces Capital Return Framework
Globe Newswire•15/10/2026•01:00 ET
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Key Highlights
- ➤2027 dividend approved at US$0.28 per share, paid quarterly
- ➤AIR plans up to US$100 million in share repurchases by December 2029
- ➤Net leverage expected at or below 2.0x by December 2027
- ➤Shareholder distributions intended to be funded through equity free cash flow
Expert Statements
Stuart Brazier, Chief Executive Officer of AIR
“The establishment of our capital return framework reflects the significant progress AIR has made in transforming the business, strengthening profitability and increasing cash generation. As we continue to scale our reduced-risk product portfolio and deliver sustainable growth, we are committed to balancing investment in attractive growth opportunities with meaningful returns to shareholders. Today's announcement underscores our confidence in AIR's long-term prospects and our focus on creating durable shareholder value.”
Bassem Lotfy, Chief Financial Officer of AIR
“Our capital allocation framework is designed to support long-term value creation through a disciplined approach to deploying capital. We expect shareholder returns to be funded from the Company’s equity free cash flow generation, while maintaining financial flexibility and continuing to strengthen the balance sheet. With continued growth in Adjusted EBITDA, we expect leverage to decline over time and to be at or below 2.0x by December 2027.”
DUBAI, United Arab Emirates, Oct. 15, 2026 (GLOBE NEWSWIRE) -- AIR (Nasdaq: AIIR) today announced the establishment of a formal capital return framework designed to enhance shareholder returns while maintaining investment capacity for growth and preserving a disciplined balance sheet.
Under the framework, the Company intends to return capital to shareholders through a combination of regular cash dividends and share repurchases, supported by the Company's strong and growing equity free cash flow generation.
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