The ski season starts in July, but Ruapehu Alpine Lifts' future remains on thin ice.

The company has four potential Kiwi buyers after going into voluntary administration, driven by pandemic disruptions and poor snow.

Administrator John Fisk has outlined the other alternatives.

"Possibly going into liquidation, announcing closing or going into some sort of hibernation. But all of those have costs to them."

He says it's optimistic to believe they could open for this year's ski season, but says a number of businesses rely on it.

LISTEN ABOVE

The ski season starts in July, but Ruapehu Alpine Lifts' future remains on thin ice.
The company has four potential Kiwi buyers after going into voluntary administration, driven by pandemic disruptions and poor snow.
Administrator John Fisk has outlined the other alternatives.
"Possibly going into liquidation, announcing closing or going into some sort of hibernation. But all of those have costs to them."
He says it's optimistic to believe they could open for this year's ski season, but says a number of businesses rely on it.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.