News from New Zealand and Air New Zealand with Rob Fyfe resigning from the carrier – to leave at the end of the year.
Rob Fyfe joined the airline in 2005, and has done his best to keep the airline afloat in troubling times. He is resigning from Air New Zealand to allow the airline’s s “talented and capable” executives the room to realise their full potential according to him.
In quotes, Rob Fyfe said:
“After almost a decade at Air New Zealand, I am an Air New Zealander to the core and I live and breathe Air New Zealand every day. At the same time I’m very conscious that I am surrounded by many very talented and capable executives and if they are to grow and realise their full potential I have to create the space to allow them to do so”
Air New Zealand shares took a dive by 1.1% to NZ$0.90 on the news. This is a bit of bad news to the New Zealand government who are considering a partial sale of the stock it owns in the airline to reduce its holding to just over 50%.
Rob Fyfe is an interesting character, and hasn’t been afraid to do the odd publicity stunt, appear in adverts or even in the Air New Zealand own adverts – and has been through the ups and downs that is about right for the industry.
Who takes over the mantle has yet to be announced, but there’s a tiny bit of a rock star’s position that has to be filled.
This is too bad. He was leading some decent moves by NZ.