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

More seats, higher prices at Air NZ
Markets

More seats, higher prices at Air NZ

Fare rises will continue to fund new planes, fuel prices and cost recovery.

Brent Melville 01 Dec 2023
Profits up for Skyline, but Queenstown upgrade costs soar to $310m
Property

Profits up for Skyline, but Queenstown upgrade costs soar to $310m

While Korean business suffers from slow pandemic recovery, copycat sites.

Brent Melville 28 Nov 2023
The sands of time may have finally run dry on timeshare
Property

The sands of time may have finally run dry on timeshare

And take it or leave it, there's only one Australian firm managing the NZ industry.

Brent Melville 24 Nov 2023
Ski hills ‘live and die’ on snowmaking – NZSki
Property

Ski hills ‘live and die’ on snowmaking – NZSki

Australians continue to fill the void left by domestic skiers.

Brent Melville 24 Nov 2023