sharetrader

Thread: AIR - Air NZ.

  1. #14781
    Advanced Member
    Join Date
    Jun 2016
    Posts
    1,621

    Default

    Quote Originally Posted by winner69 View Post
    .....must be going into politics after all.
    Parachuted into Botany seat, next leader of Nat after J.C. 2024 PM. JMHO

  2. #14782
    Go The Warriors "This Year!"
    Join Date
    Mar 2017
    Location
    Auckland
    Posts
    277

    Default

    Pity we no longer have his biggest fan on the forum...
    Oh well Rodger you may as well sell those shares... All down hill from here without your trusty can do no wrong Christopher at the control stick!

  3. #14783
    Senior Member
    Join Date
    Jan 2016
    Location
    LA/ChCh/AKL
    Posts
    1,231

    Default

    Quote Originally Posted by stoploss View Post
    Luxon gone ..,,
    I was told this plus something else was to happen a couple of weeks ago...as the CEO and where the company is at nice timing to leave...

    I think Tony (Chair) is also turning over this year..so some transition alright at the top.
    Last edited by Raz; 19-06-2019 at 10:16 PM.

  4. #14784
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Private Universe
    Posts
    5,853

    Default

    This is excellent timing, I will be contractually unrestrained from mid-August.

    So not only could I takeover CEO-ing the airline during it's next difficult phase straight away but I could turn up early and make sure he does not steal too many lollies as he goes out the door.

    Will send my CV in within the hour.
    om mani peme hum

  5. #14785
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    imagine the shares will have a tank on this news. another leader who did a great job
    one step ahead of the herd

  6. #14786
    Member
    Join Date
    Jun 2012
    Posts
    440

    Default

    Quote Originally Posted by bull.... View Post
    imagine the shares will have a tank on this news. another leader who did a great job
    Just a thought: maybe JK brokered this and he’s off to
    the other ANZ
    HAwaii house thrown as a sweetener

  7. #14787
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

    Default

    ADMIN: AIR: Air New Zealand CEO Christopher Luxon to resign

    Air New Zealand Chief Executive Officer Christopher Luxon has resigned this
    evening and will step down from day to day leadership of the airline on
    September 25.

  8. #14788
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    3,227

    Default

    Quote Originally Posted by Lola View Post
    Just a thought: maybe JK brokered this and he’s off to
    the other ANZ
    HAwaii house thrown as a sweetener

    That crossed my mind as well. Has a non banker ever got a CEO job with a bank? Or should that not matter?

  9. #14789
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by 777 View Post
    That crossed my mind as well. Has a non banker ever got a CEO job with a bank? Or should that not matter?
    @franosullivan
    Air NZ's Christopher Luxon holding forth over breakfast this am on the bold and provocative agenda the PM's Business Advisory Council (which he chairs) has been developing. Should we read anything into that former National PM Sir John Key was in the front row?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #14790
    Member
    Join Date
    Apr 2014
    Posts
    442

    Default

    Luxon leaving is a bit of a loss. I'm not sure that I was particularly a fan of his but he was a good reliable safe pair of hands. I was hoping for more information about replacement and handover but I guess the process of finding a replacement starts now (if it hadn't already started).

    I do feel that he let things slide to some degree. Constantly cutting until something gives, and that was Air NZ's reputation, culminating in the Luxon apology tour in Sept 2018: https://www.flyertalk.com/forum/air-...w-zealand.html. Some of those things were out of his control (fuel pipeline, RR engine) but some should've been foreseen and rectified sooner (growth in lounge demand, contact centre delays). Airlines are a fickle business and it's much harder to gain customers than it is to not lose them in the first place.

    He did produce solid reliable financial results, grow the airline, and made some good growth decisions along the way (Buenos Aires, Houston, Chicago) as well as some less good (Vietnam and Phillipines). I see him as consolidating after the transformative Fyfe era rather than bringing much new. Useful work but not exciting.

    People are touting him as a new John Key, but re-reading my description above I'd see him as more Bill English than John Key. Safe. Reliable. Cost-cutting. I may be totally off the mark here though as I haven't followed him that closely (despite feeling the need to write several paragraphs here about his AIR career).

    Also, did someone mention about that Roger has gone? That is also a bit of a loss too. I'll probably miss him more than I will miss CL.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •