Ruapehu Alpine Lifts calls in administrators

Ruapehu Alpine Lifts calls in administrators
Turoa ski field has had a tough few years. (Image: Getty)
Riley Kennedy
Administrators have been appointed to Ruapehu Alpine Lifts (RAL), the owner of two popular central North Island ski fields.A statement on Tuesday said RAL's board appointed John Fisk and Richard Nacey of PwC the administrators of the company.RAL owns and operates the Whakapapa and Tūroa ski fields and employs nearly 200 staff across the two operations.PwC's Fisk said the company had a very difficult last three years, with the impact of covid-19 restrictions and poor weather this season putting the business's cash flow under “s...

More Tourism

$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Analysts expect THL buyout price to rise
Markets

Analysts expect THL buyout price to rise

BGH Capital’s recent acquisition attempt was rejected for undervaluation.

Gregor Thompson 18 Jun 2025
THL exec enlists private equity for takeover bid
Markets

THL exec enlists private equity for takeover bid

In tandem with the offer, the consortium has amassed a 19.99% stake in THL.

Gregor Thompson 16 Jun 2025
$13.5m to be spent on tourism promotion
News in Brief

$13.5m to be spent on tourism promotion

The Government is pumping $13.5 million into Tourism New Zealand to encourage more international visitors to travel to Aotearoa.Prime Minister Christopher Luxon announced the change at the SkyCity Convention Centre in Auckland on Monday afternoon.The Government says the injection...

Staff reporters 14 Apr 2025