NZ: Government adds another NZ$250m to help keep planes flying to NZ
The Government is providing a further $250m in subsidies until March 2023 to keep air cargo links open, despite the easing of Covid border restrictions this year. New Zealand’s closed borders as a result of Covid-19, and record low passenger numbers, resulted in air cargo capacity dropping, and sent the cost of freight skyrocketing. The top-up will kick in on April 1. The Government put an extra $195m in the Maintaining International Air Connectivity (MIAC) scheme for flights between the start of November 2021, on top of $170m in support from May to October last year. In total, the Government has spent more than $700m so far on aviation support, including an initial $372m in 2020. The MIAC scheme aimed to ensure the international aviation sector kept operating services to New Zealand, and to maintain connections with key trade partners. The Ministry of Transport was working with airlines to confirm the routes and services that would come under the extension, and the schedule would be finalised over the coming weeks, Transport Minister Michael Wood said on Thursday.<br/>
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NZ: Government adds another NZ$250m to help keep planes flying to NZ
The Government is providing a further $250m in subsidies until March 2023 to keep air cargo links open, despite the easing of Covid border restrictions this year. New Zealand’s closed borders as a result of Covid-19, and record low passenger numbers, resulted in air cargo capacity dropping, and sent the cost of freight skyrocketing. The top-up will kick in on April 1. The Government put an extra $195m in the Maintaining International Air Connectivity (MIAC) scheme for flights between the start of November 2021, on top of $170m in support from May to October last year. In total, the Government has spent more than $700m so far on aviation support, including an initial $372m in 2020. The MIAC scheme aimed to ensure the international aviation sector kept operating services to New Zealand, and to maintain connections with key trade partners. The Ministry of Transport was working with airlines to confirm the routes and services that would come under the extension, and the schedule would be finalised over the coming weeks, Transport Minister Michael Wood said on Thursday.<br/>
