Ruapehu ski season looks unlikely without government intervention

(Image: RAL)

Tue, 20 Jun 2023

Ruapehu Alpine Lifts (RAL), the operator of the Tūroa and Whakapapa ski hills, will likely go into liquidation after creditors vetoed a proposed bailout of the North Island ski operations.That was after a watershed meeting across Auckland, Wellington and Ohakune on Tuesday where major creditors, including the government, ski pass owners and ANZ Bank, voted on one of three options presented to salvage the commercial operations of the hills.To go through, 50% of creditors needed to vote in agreement by number, but 75% by the value of their debts....

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