It's nearly three weeks since administrators were called in to oversee Ruapehu Alpine Lifts, so what's happening now?
RAL which runs the Whakapapa and Turoa skifields on the mountain, put itself into voluntary administration owing tens of millions of dollars.
It blames the pandemic, coupled with this winter's terrible ski season.
The government has knocked back any suggestion of a further bailout - beyond the $15m in loans made to RAL since 2018. John Fisk of PWC is one of two administrators tasked with trying to salvage the business.
Skiiers on the Rockgarden at Whakapapa Ski Field, Mt Ruapehu in 2018. Photo: Natalia Catalina / 123RF
