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Air New Zealand sale could mean big payday for Virgin Australia's John Borghetti
2016-04-17 07:03:28| Airlines - Topix.net
Air New Zealand's failed attempt to oust Virgin Australia chief executive John Borghetti could have the ironic result of the airline boss receiving a payout of around $8 million if Singapore Airlines makes a successful takeover bid. Mr Luxon did so after failing to receive support to replace Mr Borghetti from other directors, including chairman Elizabeth Bryan and representatives of Singapore Airlines, Etihad Airways and Sir Richard Branson's Virgin Group.
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Category:Transportation and Logistics