Qantas shares jump on buyback, early debt repayment

SYDNEY Wed Nov 14, 2012 6:31pm EST

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SYDNEY (Reuters) - Shares in Qantas Airways Ltd (QAN.AX) rose 6 percent in a weak wider market on Thursday after the national carrier said it would buy back up to A$100 million ($103.85 million) in shares and repay debt early in an effort to improve shareholder returns.

(Reporting by Lincoln Feast; Editing by Chris Gallagher)