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1 Mar 2026 18:13
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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.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     28 Feb: It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector
     28 Feb: The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes
     27 Feb: Retail NZ says there could be complications created by new gift card rules
     27 Feb: Rocket Lab's continuing to thunder to new heights, posting a record revenue of 300 million New Zealand dollars in the last three months of 2025
     27 Feb: The figures showing the number of people crossing the Tasman may look worse than they actually are
     27 Feb: Queenstown's Millbrook Resort's had a record year for property sales, hotel stays, and golf rounds
     27 Feb: Air New Zealand's fresh focus is resetting the business - after hitting some financial turbulence
     Top Stories

    RUGBY RUGBY
    The Hurricanes have confirmed Brett Cameron has been ruled out for the rest of Super Rugby More...

    BUSINESS BUSINESS
    It's been revealed UK supermarket giant Tesco, declined the Finance Minister's invitation for a meeting to discuss the issues in our grocery sector More...


     Today's News

    		 International:
    Israel and US attack Iran live updates: Khamenei's death confirmed as Revolutionary Guard vows 'severe' response 18:07

     Rugby League:
    The Newcastle Knights have won for the first time since last June to open the NRL season with a bang in Las Vegas 18:07

     Education:
    'More than 100 children' dead in US and Israel strike on Iranian school, Iran says 17:47

     Rugby League:
    Newcastle are heading for a victory in the opening round of the NRL is Las Vegas 17:27

     International:
    Israel and US attack Iran, sparking retaliatory strikes. Here's what we know 17:17

     Dunedin:
    One person has now died following a crash last week in Middlemarch, north of Dunedin 16:57

     Motorsports:
    Shane van Gisbergen has dominated the closing stages of NASCAR's second division series race at the Circuit of the Americas 16:17

     Motorsports:
    Motor racing royalty Sir Scott Dixon has suffered another blow ahead of tomorrow's opening IndyCar race in Florida 16:17

     Golf:
    A two-shot final round lead at the turn for Daniel Hillier as he chases his first New Zealand golf Open crown at Millbrook Resort 16:07

     Law and Order:
    Seventh narco sub discovered in the Pacific as Australia's cocaine habit drives heavy traffic 15:47

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