Approval reached on Luxon's Virgin seat

Last updated 05:00 31/05/2014

Relevant offers

Industries

Smartphone users told to put down devices - for 5 hours Church's $320m empire can't be used for Christ Church Cathedral restoration Kiwis appear to be getting back their taste for alcohol Technological changes disrupting the energy sector: Vector Deal between Spark and Netflix would be 'no surprise' says analyst Cadbury backlash a win for Kiwi chocolate brand Whittaker's Airways profit lifts as aircraft movements break records Samurai wasp vs stink bug: Government eyes bio-control for insect invasion NZME delivers stable operating performance ahead of merger ruling Chemwash Hamilton fronts up over fish kill spill

Air New Zealand has accepted the boardroom protocols necessary for chief executive Christopher Luxon to take a seat at the Virgin Australia board table.

The protocols took six months to write and attempt to navigate the many conflict of interests between Virgin and its airline shareholders, Air New Zealand, Singapore Airlines and Etihad Airways.

Air NZ spokeswoman Kelly Kilgour said the protocols between Air New Zealand and Virgin Australia had been agreed and had no impact on the timing of Luxon joining the Virgin Australia Board, expected in July.

"Any potential conflicts of interest were dealt with in the protocols," she said in a statement.

Air NZ owns about 25 per cent of Virgin Australia and operates an alliance with the airline on trans-Tasman flights. Fairfax NZ

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content