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11 Feb 2026 11:04
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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
     11 Feb: A Queenstown lakefront hotel is moving upmarket to meet growing demand from high-end travellers
     11 Feb: Christchurch's new metro sports centre is already undergoing maintenance, less than two months after opening
     10 Feb: The Energy Minister's now claiming the money gathered to pay for building a new LNG import facility - is neither a levy nor a tax on consumers
     10 Feb: It's hoped a pay dispute between Air New Zealand cabin crew and their employer is resolved soon
     10 Feb: People are being urged to buy local tinned fruit, as imports from overseas flood the market
     10 Feb: The former Air New Zealand boss says his time at the airline made him a better leader, as he moves into a new role abroad
     09 Feb: Almost 10-thousand Air New Zealand customers have had their travel plans ruined by upcoming strike action this week
     Top Stories

    RUGBY RUGBY
    The first concert at Christchurch's new stadium is officially a sell out More...

    BUSINESS BUSINESS
    A Queenstown lakefront hotel is moving upmarket to meet growing demand from high-end travellers More...


     Today's News

    		 Entertainment:
    Hailee Steinfeld has shared her secrets to a successful marriage 10:51

     Rugby:
    The first concert at Christchurch's new stadium is officially a sell out 10:47

     Soccer:
    Chelsea are on track for their fourth straight win in football's Premier League 10:27

     Entertainment:
    Kylie Kelce has spoken out about the sweet bond her children share with their uncle Travis Kelce and his fiancée Taylor Swift 10:21

     Maori:
    5 New Zealand music acts keeping te reo Maori alive and rocking 10:07

     International:
    How to reduce loneliness while working remotely 10:07

     Business:
    A Queenstown lakefront hotel is moving upmarket to meet growing demand from high-end travellers 10:07

     Entertainment:
    Demi Lovato and Jutes are already planning a special celebration for their one-year anniversary 9:51

     Law and Order:
    Emergency services are looking into the cause of a suspicious house fire in Auckland's Ranui overnight 9:27

     Entertainment:
    Bianca Censori has insisted Kanye West hasn't forced her to appear naked in public 9:21

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