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19 Feb 2026 2:26
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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
     18 Feb: Spark is satisfied with its latest financial results, despite falling short of analyst expectations in some areas
     18 Feb: The Reserve Bank says inflation's too high, but it's actually worried it could soon end up too low
     18 Feb: The Reserve Bank's kept the OCR unchanged at 2.25 percent - and expects it'll stay there for most of this year
     18 Feb: Disagreement within the Reserve Bank, on how soon to again raise the Official Cash Rate
     18 Feb: The Reserve Bank's kept the Official Cash Rate unchanged at 2.25 percent
     18 Feb: An improving financial situation for one of our largest companies, Fletcher Building
     18 Feb: A sharp rise in food inflation could unfortunately be out of our control
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    Spark is satisfied with its latest financial results, despite falling short of analyst expectations in some areas More...


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