Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Milford Sound Cruising Co sold to Chch Investors

Media Release
Tuesday 25th July 2006

Milford Sound Cruising Company sold to Christchurch Investors

Neil Sutherland has announced the sale of Mitre Peak Cruises to Christchurch-based investors MTT Investments and Gould Holdings.

Mitre Peak Cruises operates two vessels on Milford Sound offering a range of cruise options throughout the day, specialising in smaller, more intimate cruises with approximately 50 passengers per cruise. Established in 1996, Mitre Peak Cruises began with one custom built vessel, Mitre Peak I, then added Mitre Peak II in 2004.

GHL and MTT also hold interests in the Milford Dart tunnel proposal to build a 10.2 km tunnel providing access from Queenstown to Milford Sound in 2 hours, versus the current 5-6 hour journey. Milford Dart will use low emission hybrid electric coaches to transport visitors to Milford Sound and the project represents the largest single investment in New Zealand tourism infrastructure.

Mr Sutherland said he was pleased to conclude the sale of the business, having fielded a number of expressions of interest in recent years.

“Mitre Peak Cruises is a solid, locally based business and I am pleased to be remaining a director after the sale,” he said.

The sale price was not disclosed.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>