Two men charged over an alleged street race that killed four people near Hamilton Airport last year have pleaded not guilty.

At the time, police said speed and alcohol were believed to be factors in the crash which involved two cars allegedly racing each other from Te Awamutu.

Dylan Cossey now faces four charges of street racing causing death, one of causing injury and another of failing to stop to ascertain injury.

His passenger, Stephen Jones, is charged with inciting Cossey to drive "in an unnecessary exhibition of speed or acceleration" and thereby causing the death of the four victims.

Both men have been remanded to reappear in the Hamilton District Court in March.