NZ ceo Christopher Luxon resigns from VAH board effective immediately.
Air New Zealand has just confirmed it is exploring options with respect to its shareholding in Virgin Australia, including a possible sale of all or part of its stake in the carrier.
According to an announcement released to the ASX, the move is part of a review looking at possible alternate uses of Air NZ’s capital currently deployed in Virgin Australia, with chairman Tony Carter saying the airline “does not want a large minority equity position in Virgin Australia as it focuses on its growth opportunities”.
Air NZ ceo Christopher Luxon said the airline is supportive of the significant transformation that Virgin Australia has undergone over the last five years under the leadership of ceo John Borghetti.
“We look forward to continuing our partnership on the Tasman alliance, providing customers of both airlines with the most comprehensive trans-Tasman network,” Luxon said.
The announcement sees Luxon resign as a director of Virgin Australia effective immediately.
More details in tomorrow’s issue of Travel Daily.