AIR Announces Capital Return Framework, Dividend and Buyback

Dubai, UAE - AIR 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 through regular cash dividends and share repurchases, supported by strong and growing equity free cash flow generation.

Quarterly Dividend Policy

AIR intends to initiate an annual cash dividend policy. For the 2027 fiscal year, the board of directors has approved a cash dividend of US$0.28 per share, to be paid in quarterly installments starting with the first quarter of 2027 results in May 2027. Following this, the company expects to maintain a progressive dividend policy.

Share Repurchase Program

In addition, AIR plans to undertake up to US$100 million of share repurchases by December 2029, subject to market conditions and regulatory approvals.

Financial Targets

The company expects net leverage to decline over time, targeting a level at or below 2.0x by December 2027, driven by continued growth in Adjusted EBITDA.