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Chairmen of the boards of directors of the air companies.
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13.—(1) The chairmen of the boards of directors of the air companies shall be appointed by the Minister with the consent of the Minister for Finance and every chairman shall be a director of the company of whose board of directors he is chairman.
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(2) The chairmen of the boards of directors of the air companies may be removed from office at any time by the Minister with the consent of the Minister for Finance.
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(3) The chairmen of the boards of directors of the air companies shall hold office upon such terms and conditions as the Minister may, with the consent of the Minister for Finance, determine when appointing them.
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(4) A person who immediately before the commencement of this Act held office as chairman of the board of directors of any of the air companies shall, subject to the terms and conditions upon which he was appointed, continue in office as such chairman until the expiration of the period for which he was appointed as if this Act had not been passed.
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