Bermuda Aviation Services Limited (BAS) has bought back 605 of its own shares at $3.21 per share in a ‘one-off’ trade that will settle today, according to a filing to the Bermuda Stock Exchange (BSX) released yesterday.

The filing stated that the purchased shares will be cancelled.

According to the BSX, BAS was formed in 1947 to provide ground and passenger handling at what is now the LF Wade International Airport. The company has grown into a holding company with multiple subsidiaries providing services that the release descibes as “distinct in nature, but are also strategically complimentary and synergistic.

“BAS has become a full-fledged total solution service company and intends to serve Bermuda to the best of its ability with customer satisfaction and an increase in shareholder wealth expected to be the by-products of these efforts.”