Lake Macquarie is set to suffer a massive financial blow following the governing body’s decision to cancel the Air Race World Championships for the rest of 2022.
The region was scheduled to host the best pilots from around the globe, including Merewether’s own champion Matt Hall, from 18 to 20 November.
At the launch, in April, Lake Macquarie City mayor Kay Fraser welcomed the multi-million-dollar windfall for the LGA.
“This is a global event that will showcase our city and lake to the world,” she said.
“It will bring significant economic benefits to local businesses at a much-needed time, too.”
But, organisers announced at the weekend the Air Race World Championships would not be returning to the skies due to a variety of reasons.
“Despite the tireless efforts and support of all of our race teams, specialist suppliers and partners, some of the challenges presented by COVID and further implications posed by the current global economic situation have simply been too great to overcome,” they admitted in a statement.
“The safety of our pilots and fans is paramount.
“And, without all of the intricate parts required for safe racing firmly in place, we have been forced to make this very difficult call to cancel the 2022 World Championship Series altogether.
“We remain totally committed as event organisers, competitors and fans of this incredible sport as we now focus on 2023.
“Our thanks go out to everyone for your ongoing resilience and support.”
Lake Macquarie MP Greg Piper expressed his displeasure on hearing the news.
“The event was expected to bring an $8 million economic boost to the region when it staged a round of the world championships locally,” he said.
“Unfortunately, the organisers have cancelled all global events for the remainder of the year.
“It’s extremely disappointing for Lake Macquarie.”
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