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2 Nov 2025 21:39
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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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     Top Stories

    RUGBY RUGBY
    All Blacks coach Scott Robertson is praising the two youngsters that helmed the second row in the 26-13 win over Ireland in Chicago More...

    BUSINESS BUSINESS
    Changes to the Protection of Personal and Property Rights Act have shown little consideration for intellectually disabled Kiwis More...


     Today's News

    		 Wellington:
    A crash has blocked State Highway 2, at Kaitoke, north of Upper Hutt 21:17

     Accident and Emergency:
    A person has died after a crash in Waikato's Rangiriri 18:57

     Cricket:
    A boost for the Black Caps T20 side with fast bowler Kyle Jamieson named to return from a side strain injury for the five-match T20 series against the West Indies 18:37

     International:
    Easy low-alcohol cocktails and non-alcoholic drinks for summer 18:07

     Rugby:
    All Blacks coach Scott Robertson is praising the two youngsters that helmed the second row in the 26-13 win over Ireland in Chicago 18:07

     Rugby League:
    Kiwis coach Stacey Jones expects Tonga to come out firing in tonight's Pacific Championship game at Eden Park 17:47

     Auckland:
    Auckland Transport says an electric bus that collided with an overpass and caught fire was out of service at the time and had no passengers on board 17:37

     Hamilton:
    UK train stabbing leaves 10 in hospital, nine with life-threatening injuries, police say 17:27

     Rugby League:
    Tongan coach Kristian Woolf is adamant his side won't be chasing the big points spread they need in tonight's Pacific Championship showdown against the Kiwis 16:57

     Rugby League:
    Kiwis coach Stacey Jones reckons the intense interest in league's Pacific Championships is a signal New Zealand's ready for a second NRL team 16:17

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