Government Grants $5.7M to Support Regional Airlines Amid Rising Costs
The Regional Infrastructure Fund will allocate $5.7 million in working capital grants to regional airlines to help them manage rising operating costs, particularly due to increased fuel prices, and maintain essential regional air services. These temporary, targeted grants, ranging from $300,000 to $1.2 million, are based on airlines’ passenger volumes and flight movements, with the expectation that service levels will be preserved. This funding complements nearly $26 million already provided in loans for aircraft acquisition, maintenance, and debt refinancing, demonstrating the Government's commitment to sustaining regional connectivity and supporting remote communities.