New Zealand allocates $5.7 million in working‑capital grants for regional airlines
Based on · First reported · Updated
Sources
- The New Zealand Government will make $5.7 million from the Regional Infrastructure Fund available as working‑capital grants for regional airlines.
- Grants will range from $300,000 to $1.2 million depending on an airline’s scale and will cover day‑to‑day costs such as fuel and wages, with allocations based on annual passenger volumes and flight movements; the support is temporary, targeted and proportionate and will provide financial relief for the next 12 months, while the government has already provided nearly $26 million in loans for aircraft acquisition, leasing, fleet maintenance and debt refinancing.
Why it matters
The funding is expected to maintain current service levels for regional carriers.
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