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Air NZ names new CEO
Air NZ names new CEO

Air New Zealand has named Christopher Luxon as the new chief executive to take over at the end of the year.

Mr Luxon, who is currently the airline's general manager for international business, replaces Rob Fyfe.

Mr Luxon was hired to his current position in May 2011, having previously been an executive at Unilever.

Chairman John Palmer said Mr Luxon has proved his worth in the airline's international business.

"We have seen him affect positive commercial outcomes in our toughest operating division."

Shares of Air New Zealand, which is three-quarters owned by the government, last traded at 86.5 cents and have declined 21 per cent in the past 12 months.

The government has flagged its holding in the airline as among assets it plans to sell down to just over 50 per cent.