Sir John Key stepping down from position on Air New Zealand board

John Key joined the board in 2017.
John Key joined the board in 2017. Photo credit: The AM Show/Newshub.

Former Prime Minister Sir John Key is stepping down from his position on the board of directors at Air New Zealand.

In a statement posted to the NZX, the airline's board chairperson Dame Therese Walsh said Sir John had indicated he would likely exit the role in 2020 due to increasing commitments overseas.

"Sir John's outstanding commercial acumen, international perspectives and stakeholder network have been incredibly valuable to Air NZ and we are fortunate to have had him as a member of our Board," Dame Therese said.

Sir John said it was not an easy decision to step away from the role.

"Air NZ is a world class company that all Kiwis can be proud of. The fortunes of the airline and our nation are inextricably linked," Sir John said.

Sir John will remain on the board until March 31, 2020 and Air NZ will advise a replacement in due course.