Ratepayers commit $26m extra for Wellington airport

Wed, 10 Jun 2020

Wellington City Council is committed to tipping an extra $25.76 million of capital into Infratil-controlled Wellington International Airport, if required, as part of a shareholder support package.The council owns 34 percent of the airport, which has seen air movements plummet in the wake of the covid-19 global pandemic.Infratil, which owns 66 percent of the airport, is also committing to a capital injection of $50 million under the same support arrangement, which the council said in a statement was “important to give WIAL’s bankers...

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