Air New Zealand announces Board Appointments

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor


8 April 2020
Air New Zealand announces Board Appointments

Air New Zealand is appointing two outstanding business leaders to its Board of Directors.

Former global Chief Executive Officer of Avis Budget Group Inc Larry De Shon and former
Freightways Manager Director Dean Bracewell will join the Board from 20 April 2020. The
appointments are to fill the vacancy left by Sir John Key, who retired as a Director last month, and
as part of succession planning for when Deputy Chairman Jan Dawson steps down at the Annual
Shareholders’ Meeting in September after nine years as a Director.

“Larry will bring outstanding international business, transport and aviation experience to the Board.
He was responsible for 11 brands and over US$9 billion in revenue when he retired from Avis
Budget Group last year and had a distinguished 28-year career with United Airlines where his
Executive responsibilities included Airport Operations, Marketing and On-Board Service,” says
Chairman Dame Therese Walsh.

“Larry is well familiar with New Zealand from his time leading Avis Budget Group globally and has
a keen sense of the opportunities ahead for Air New Zealand both domestically and internationally.
His deep experience in growing a global business in the wake of the GFC is also timely given the
phase Air New Zealand will go through rebuilding post Covid-19,” she says.

Mr De Shon says it is a privilege to be appointed as a Director of Air New Zealand.

“The airline is deservedly considered one of the best in the world and has been for many years.
Its service ethos, commitment to sustainability, innovative approach to product development and
operational excellence are the envy of not just airlines but many companies around the world. I
am delighted to play a role in helping support the Board, Chief Executive Officer Greg Foran and
all Air New Zealanders to grow this great airline,” Mr De Shon says.

Dame Therese says Mr Bracewell’s deep transport and logistics experience will be of immense
value to the Board.

“Dean is one of New Zealand’s most highly regarded business leaders and intimately understands
what it takes for a company to succeed in a tough and competitive environment. As we seek to
rebuild Air New Zealand after the impact of Covid-19, he brings commercial and leadership skills
that will further strengthen the Board,” she says.

Mr Bracewell is currently a Director of Tainui Group Holdings, Property for Industry Limited and the
Halberg Foundation. He is also a member of the Government’s Future of Rail Steering Group.

Mr Bracewell, who is of Ngāti Maniapoto and Ngāi Te Rangi descent, says he is thrilled to be given
the opportunity to play a role in supporting Air New Zealand’s future success.

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor


“Air New Zealand is a world class company that has earned the respect and love of Kiwis and
customers around the globe. While it has challenging times in front of it, the future will ultimately
be bright,” Mr Bracewell says.

Mr De Shon and Mr Bracewell will be up for election by shareholders at the Annual Shareholders’
Meeting this year.



Ends.

Jennifer Page
General Counsel and Company Secretary