Hopes that investment plan of up to €8m will save Waterford Airport

The board of directors at Waterford Airport agreed that they were satisfied shareholder William Bolster's attempts to secure private sector funding have been successful and will soon be in place. File Picture

An investment plan for Waterford Airport of up to €8m to be announced in the coming weeks, which backers hope will preserve the company and give it a chance of resuming commercial flights.

The key shareholder in the regional airport has also ruled out receivership, amid fears for the future of the company which has been without commercial flights since 2016.