Air NZ CEO joins Virgin Australia's board

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

Relevant offers

Industries

UN panel seeks cuts to aircraft emissions Foreign company eyes new factory in South Canterbury Springboks' mateship and French fearlessness could have undone All Blacks Finance Minister Bill English sees no reason to change Reserve Bank agreement Supermarkets see no need for food waste ban House values slip around New Zealand, led by Auckland: QV Twitter share price tumbles to all-time low Wired debuts ad-free website to appease ad blockers Todd family believed to be selling Winegrowers of Ara in Marlborough Falling truck movements suggest 2016 off to a "rough start"

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