Attracting another carrier to Hamilton International Airport will be a priority for the airport board in the coming weeks.
Hamilton City Council will be working on behalf of shareholders alongside the airport board to identify future strategies and operational opportunities.
Virgin Australia will cease its Hamilton-Brisbane flights from October citing unsustainable passenger numbers.
Hamilton City Council has a 50 per cent shareholding in the airport, with Waipa, Matamata-Piako and Waikato district councils each having a 15.625 per cent shareholding and Otorohanga District Council a 3.125 per cent share.
Hamilton Mayor Julie Hardaker says city chief executive Barry Harris will work alongside the chair and board of the airport company to develop a plan and identify new strategic opportunities that will optimise the contribution the airport makes to the regional economy and ensure financial stability.