AMSTERDAM: European aeronautics and space company Airbus has announced the second tranche of a share buyback programme.

Airbus said on Monday it is aiming to repurchase up to 2.12 million shares between November 25 and January 24 as part of a total plan to buy back up to 4.25 million shares, the German news agency dpa reported. 

The company intends to support future employee share ownership programmes and stock-based compensation plans through the share buyback programme.

Airbus has appointed an investment firm to handle the second tranche of the programme, which will involve buying up to 2,127,000 shares.

The first tranche of the programme was up to 2.12 million shares, which was completed on October 4. The total buyback of 4.25 million shares is expected to end by March 31.

On Friday, Airbus closed its regular trading at US$146.72.