Warbirds Over Wanaka has been cancelled for the second time after an outbreak of Omicron in the community plunged the country into the red light setting.
The international airshow, which was first held in 1988, typically attracts about 55,000 people over three days and injects more than $40 million into the Southern Lakes regional economy.
Warbirds over Wanaka Community Trust chairman John Gilks said the board of trustees were left with no option but to cancel following the decision to put the whole country into the red traffic light setting.
"The Government has indicated that the country will remain in red for weeks so we cannot continue to plan for an Airshow. The health and safety of the amazing team which delivers Warbirds Over Wanaka and all our visitors is paramount," Gilks said.