Air NZ CEO joins Virgin Australia's board

JENNY WIGGINS
Last updated 10:18 21/01/2014

Relevant offers

Industries

Biz Week: Brickbats and bouquets Fisheries fight 'strip mining' bid Stink over cattle compost Reins on cowboy builders to be tightened Truckometer traffic index suggests NZ growth peaking Referral bypass worries specialists Peters lets off salvo at sale of properties Chch jobs to go in Virgin Australia move Skyline to pay 'prudent' dividend $1 billion worth of NZ property sold

Air New Zealand chief executive ­Christopher Luxon will join his Etihad Airways counterpart, James Hogan, and take a seat on Virgin Australia's board, allowing them to exert more control over the airline.

The appointment will raise the stakes in the battle for the domestic market against Qantas Airways, which has bitterly complained about Virgin's deep-pocketed foreign owners.

Tougher competition from Virgin has hurt Qantas's profitability.

Virgin invited representatives from Air New Zealand, Singapore Airlines and Etihad Airways onto its board following its A$350 million ($373 million) capital raising last month.

The raising boosted the three airlines' stakes in Virgin to 67 per cent from 63 per cent.

Luxon will take up the seat "once the appropriate protocols are put in place", a ­spokesman said.

Ad Feedback

- AFR

Comments

Special offers

Featured Promotions

Sponsored Content