Norwegian Cruise Line Holdings (NCL) has given the green light to reinvest in its own equity.
The Frank del Rio-led company's board of directors has authorised a three-year, $1 billion share repurchase programme.
The US-listed cruise major may rebuy ordinary shares at whatever amounts, prices and times it wants, subject to market conditions and other considerations.
The company said it may reacquire stock through open market, private talks, quickened or structured repurchase programmes or insider-trading plans, in compliance with applicable rules.
