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11 Aug 2020 4:17
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      Home > News > Business

    A multi-million dollar loan to help keep Hawke's Bay Airport afloat

    A multi-million dollar loan to help keep Hawke's Bay Airport afloat

    13 July 2020
    The airport needs up to 9 million dollars - as it faces reduced passengers and revenue because of the Covid-19 pandemic.

    The Crown will now lend it up to 4.5 million dollars - on commercial terms, with councils dishing out the rest.

    Finance Minister Grant Robertson says the cash will protect about 200 jobs - and ensure the terminal redevelopment can be completed.

    The Crown has a 50 percent shareholding in Hawke's Bay Airport Limited.

    © 2020 Newstalk ZB, NZCity


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     09 Aug: Auckland's Watercare dams are still 25% below their usual storage levels for this time of the year
     09 Aug: Labour's latest policy announcement is being welcomed by business -- but it's only a piece of a puzzle
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