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Newcastle Herald
Newcastle Herald
National
Donna Page

Debt-laden Newcastle Airport looks to councils for financial bail-out

Newcastle Airport Newcastle Peter Cock Jeremy Bath Nuatali Nelmes Ross Kerridge Lockheed Martin
Newcastle airport CEO Peter Cock and airport board chair Jude Munro. Picture: Marina Neil

NEWCASTLE Airport has investigated ways to access a multimillion-dollar bailout of ratepayer funds from its owners Port Stephens and Newcastle councils as it struggles under a mountain of debt.

An ongoing Newcastle Herald investigation can reveal the airport, jointly owned by the councils, is teetering and in desperate need of a funding injection.

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