One of the companies behind a failed bid to keep Mount Ruapehu's ski fields open is hopeful a deal will still go ahead.
Whakapapa Holdings is part of a government backed plan voted down by creditors yesterday who also rejected another proposal to raise capital through crowd funding and skiers who hold life passes.
Ruapehu Alpine Limited which ran both Whakapapa and Turoa fields was put into voluntary administration late last year owing 45 million dollars - it will now be liquidated - a process starting in court today.
Our reporter Kate Green has more.
