Harbour ferry service sold
Wellington's harbour ferry service has been sold to foreign owners.
The East by West Wellington Harbour ferry service has been bought by Chinese couple Jin Jun and Xuying Qiao.
Managing director Jeremy Ward said the couple, who have tourism interests in China, plan to immigrate to New Zealand and wanted to add a third ferry to the 25-year-old company's fleet.
"They have plans to build a third ferry in coming years to increase frequency on the Seatoun and Days Bay services."
As part of the deal Ward will continue to manage the business for at least two years.
The Dominion Post