Lord Mayor Ross Kerridge says he will call for a meeting with the Newcastle Airport's senior management after revelations the region's key infrastructural asset was drowning in debt and looking for a potential ratepayer bailout.
The airport, which is jointly owned by Newcastle and Port Stephens councils, is teetering and in desperate need of a funding injection, and internal reports show staff repeatedly warned the organisation was in financial turmoil with no clear plan to fund major projects.
