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28 Oct 2025 14:18
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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

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     27 Oct: NZ’s first marine reserve is turning 50 – the lessons from its recovery are invaluable
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     27 Oct: An argument pensions should come later - to make superannuation sustainable
     26 Oct: New details are emerging about Sir Peter Jackson's development plans in Wellington
     Top Stories

    RUGBY RUGBY
    Former All Blacks prop Alex Hodgman has announced his retirement from rugby More...

    BUSINESS BUSINESS
    A new flight route is taking off between Christchurch and its sister city, Adelaide More...


     Today's News

    		 Rugby:
    Former All Blacks prop Alex Hodgman has announced his retirement from rugby 14:07

     Entertainment:
    Martin Kemp was "lucky not to lose his hand" after slicing his fingers open in a grisly chainsaw accident 13:51

     Living & Travel:
    Luna is New Zealand's top pet name - for the seventh year running 13:47

     Environment:
    Damage in the lower South Island is so widespread, efforts to restore power could take weeks 13:27

     Entertainment:
    Isabelle Tate died from a rare form of a neurological disorder 13:21

     Technology:
    Google joins Microsoft in plans to restart US nuclear plants to power AI infrastructure 13:07

     Rugby:
    All Blacks XV fullback Jacob Ratumaitavuki-Kneepkens plans to absorb as much information as possible from a host of veterans during the upcoming three-game Northern Tour 13:07

     Entertainment:
    Sananda Maitreya has accused the late Michael Jackson of being a "b******" who tried to ruin his career 12:51

     Motoring:
    State Highway 1 is now open north of Christchurch, after a multi-vehicle crash this morning 12:47

     Entertainment:
    Shaquille O'Neal's $180,000 Range Rover has gone missing 12:21

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