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7 Nov 2025 1:27
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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


    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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     06 Nov: New Zealand has outpaced Australia - in securing its own Michelin Guide
     05 Nov: The long awaited economic recovery could be beginning - with expectation unemployment's hit its peak
     05 Nov: The Reserve Bank says the country certainly isn't out of the woods, but our banks remain well placed to weather what comes next
     05 Nov: Rising unemployment is still being felt more in certain regions, sectors, and age groups
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