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2 Mar 2026 18:12
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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
     02 Mar: Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago
     02 Mar: Wellington's mayor says the Council is not looking at compensating businesses on the wastewater plagued-southern coast
     02 Mar: Job numbers are rising again - but are still down on a year ago
     02 Mar: A warning Dunedin's Forsyth Barr Stadium is in a financially unsustainable position
     02 Mar: Rates are set to rise in Dunedin - as the city council releases its draft Annual Plan
     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
     Top Stories

    RUGBY RUGBY
    Crusaders prop Tamaiti Williams has been cited for what's been deemed a reckless or dangerous act during their Super Rugby win over the Chiefs in Hamilton More...

    BUSINESS BUSINESS
    Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago More...


     Today's News

    		 Rugby League:
    Warriors halfback Luke Metcalf has declared his comeback to the NRL on track but is refusing to narrow down a date 18:07

     National:
    Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow 18:07

     Business:
    Foodstuffs is again trying to bring its North and South Island operations under one roof - after failing two years ago 18:07

     Law and Order:
    St John wants harsher penalties for assaults against first responders - after a weekend of attacks and threats towards staff - and damage to ambulances 17:27

     Health & Safety:
    Criticism of Bay of Plenty's Opioid Treatment Service - after a man died six weeks after being rapidly cut off from methadone 16:17

     Living & Travel:
    Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight 16:07

     Education:
    Iran claims US and Israel attacked a girls' school. This is what is known about the strike 16:07

     Golf:
    Colombia's Nico Echavarria has benefited from leader Shane Lowry's shock late meltdown to triumph in the PGA Tour's latest event in Florida 15:27

     Business:
    Wellington's mayor says the Council is not looking at compensating businesses on the wastewater plagued-southern coast 15:27

     Accident and Emergency:
    Armed Police are attending an incident in Waikato's Parawera, southeast of Te Awamutu 14:57

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