Cardiff Airport has been offered up to £13 million by the Welsh Government.
The loan comes following the purchase of the airport by the Welsh Government 18 months ago for £52 million.
The money is to be used to attract new airlines.
In the first instance, the airport is to take £3.5 million. This will be to attract new airlines, focussing on long haul destinations, whereby the Welsh First Minister, Carwyn Jones, said the future of the airport lies.
The statement comes after figures for September showed that passenger numbers have fallen by 7%. And that wasn’t the only bad news for the airport, German airline, Germanwings, announced it was axing its service between Cardiff and Dusseldorf next year. However, Ryanair, has recently returned to the airport, flying weekly to Tenerife, following an eight year absence from the airport.
Since the Government took ownership approximately £10 million has been spent on improving the terminal building.