HomeNewsNew Zealand News

Ruapehu Ski Season to Proceed with Government Support Amid Liquidation

Ruapehu Ski Season to Proceed with Government Support Amid Liquidation

The Ruapehu ski season will proceed this winter with the support of the New Zealand government. Ruapehu Alpine Lifts, the company responsible for ope

Coalition Talks Likely to Continue Over Weekend, Luxon States
NZ Police Trial New Electric Vehicles for Carbon Reduction and Performance
Privacy Commissioner Investigates New Zealand’s Largest Data Breach

The Ruapehu ski season will proceed this winter with the support of the New Zealand government. Ruapehu Alpine Lifts, the company responsible for operating the ski fields, was recently placed into liquidation due to its financial difficulties. However, the government has allocated up to $5 million to the liquidators to ensure the ski season can continue. This funding aims to preserve jobs, support local tourism, and benefit the regional economy while a long-term solution for the company is sought. The liquidators will use the funds to operate the ski fields and determine the future buyer of the business and its assets. The government is considering multiple bids and engaging with potential buyers to secure the best outcome for all stakeholders involved. Despite the challenges faced by Ruapehu Alpine Lifts, the ski season in the South Island is already underway, and the two fields in Ruapehu are expected to open in July.

error: Content is protected !!