Spirit of Queenstown deal sails through regulatory approval

The Spirit of Queenstown docked in the township. (Image: BusinessDesk)
The Commerce Commission has signed off on RealNZ's purchase of the Spirit of Queenstown from its southern lakes' tourism competitor, Southern Discoveries.The faster, 26-metre, 150-seat vessel will be used in addition to Real NZ's vintage steamship, the TSS Earnslaw, to ferry tourists to the company's Walter Peak high country farm. Spirit of Queenstown has been offering excursions on Lake Wakatipu for 10 years.The transaction price was not disclosed, but the original purchase price for the boat is underst...
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