Fly Direct Ltd, a company which heavily marketed direct flights to Wanaka from Christchurch and Wellington for the ski season, has collapsed before it got off the ground.
Companies Office records show the company has been placed in liquidation. Damien Grant of Waterstone Insolvency is handling the liquidation. A message on the company's website also advises of the liquidation.
Jeffrey James Kay of Ponsonby is listed as the company's sole director and shareholder.
Businessday.co.nz reported that around 500 people who signed up for packages offered by the company are understood to have been left out of pocket.
It quoted Mr Grant as saying it was too early to say how passenger pre-payments would be handled in terms of the liquidation.
NZPA