Virgin Aust appoints board directors
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Virgin Australia has appointed the bosses of Air New Zealand, Etihad Airways and Singapore Airlines to its board.
Air NZ's Christopher Luxon, Etihad's James Hogan and Goh Choon Phong of Singapore Airlines, representing their major stakeholder positions in the Australian carrier, take up their roles immediately, Virgin said in a statement on Friday.
Overall, 79 per cent of Virgin Australia is split between the three airlines and Richard Branson's Virgin Group, the company said in a statement.
Auckland-based Air NZ lifted its stake in Virgin to 25.99 per cent in June. Etihad holds a 21 per cent stake and Singapore Airlines sits on a 22 per cent holding, according to the most recent substantial shareholder notices on the ASX website.
Virgin Australia chairman Neil Chatfield said the airline had, in November 2013, adopted a nominee director protocol to manage conflicts of interest and confidential information.
"The board will retain its overall independence given that I, as current chairman, am an independent director and the company's constitution states that the chairman has a casting vote if there is an equality of votes at a meeting of directors," he said in Friday's statement.