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12 Dec 2025 11:14
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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
     12 Dec: Twenty-three staff at Health New Zealand earned more than a million dollars in the last financial year
     12 Dec: New Zealand's dairy sector is expected to remain competitive - amid a surge in global supply
     12 Dec: Kiwi consumers could finally see butter prices fall, thanks to increased global dairy production
     12 Dec: Swings and roundabouts for the dairy sector - with prices set to weaken
     12 Dec: Dairy farmers are being warned they'll be taking a cut in earnings, due to falling global dairy prices
     11 Dec: Christchurch's Lyttelton Port Board has approved the 800-million-dollar Te Awaparahi Bay Investment Case expansion plan
     11 Dec: Industry group Energy Resources Aotearoa's touting our energy sector's progress towards net-zero
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    Twenty-three staff at Health New Zealand earned more than a million dollars in the last financial year More...


     Today's News

    		 Law and Order:
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     Entertainment:
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     Soccer:
    Nottingham Forest have claimed a third Europa League victory this season, winning 2-1 away over Utrecht  10:47

     National:
    The United States CDC has abandoned science in its new advice about vaccines and autism 10:37

     Law and Order:
    The bus sector says violence on buses isn't rising, and Monday's fatal attack on an East Auckland bus is an extremely rare event 10:27

     National:
    King Gizzard & The Lizard Wizard quit Spotify in protest, only for an AI doppelgänger to step in 10:27

     Entertainment:
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     National:
    AI’s errors may be impossible to eliminate – what that means for its use in health care 10:17

     National:
    The social media ban is just the start of Australia’s forthcoming restrictions – and teens have legitimate concerns 10:07

     Business:
    Twenty-three staff at Health New Zealand earned more than a million dollars in the last financial year 10:07

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