The Welsh Government is planning to invest up to £206m in Cardiff Airport over the next 10 years.
This funding will be used to improve the airport’s maintenance, cargo and sustainable aviation facilities and create additional jobs. The airport will seek to open new international routes and increase its annual passenger numbers to over 2 million.
A previous three-year rescue and restructuring package provided by the regional government in the wake of the pandemic is coming to an end.
Since it was acquired by the Welsh government in 2013 Cardiff Airport has received millions of pounds in loans and grants, BBC News reports.
Spending to date totals £179.6m, which includes the original price paid for the airport as well as pandemic-related loans and money for equipment and other improvements.
Economy minister Ken Skates said that the airport management would continue to operate with “commercial freedom”.
The funding is subject to approval from the Competition and Markets Authority, with a decision expected in the autumn.
