
Renowned jetboat operation turns 60
In 1960, the Invercargill brothers decided to raise some money for Christian youth camps by running commercial jetboat trips, initially along the Kawarau River, using a demo boat fitted with a Hamilton jet unit, in a world-first operation.
Next came Jet30 fibreglass boats — with capacity for five passengers — and then fate intervened when a group of Americans insisted they take them on a trip up the Shotover River, for which they would pay five times the regular price (£1 per person).
The rest is history.
Shotover Jet Services carried 1480 passengers in 1965, its first year of operation — Herman Palmer was the company's first jetboat driver and brought the business the following year, selling it, in 1970, to Trevor Gamble.
In 1986 it was purchased by Queenstown tourism company Armada Holdings, associated with former mayor Jim Boult, which ultimately owned the Shotover Group, including Huka Falls Jet, the Suva Jet and Rainbow Springs.
At that time Shotover Jet had three jetboats, a couple of vans and caravans on the riverbank and carried about 35,000 people per annum.
In 1987 the company was granted exclusive rights to a section of the Shotover River which runs between two canyons — at times barely wider than the boat — primarily due to safety considerations.
It was listed as a public company on the New Zealand Stock Exchange in 1993. In 1999, South Island iwi Ngai Tahu became majority shareholder, securing full ownership by 2004.
Ngāi Tahu rangatira Tā Tipene O'Regan said the dream for the iwi had always been to be the "primary proprietors" of its own history.
"The acquisition of the Shotover Group enabled us to have command over our own heritage.
"At that time, we were very interested in tourism and wanted to be active participants, but faced heavy opposition from elements within the industry."
The opportunity to acquire the business — a deal done almost entirely on handshakes — from Mr Boult, "a valued friend of Ngai Tahu", opened the door, he said.
"Our focus was really on acquiring a platform in the industry to tell our own story, of our own heritage, in our space.
"It's one of the big steps we made as an iwi following our Settlement, and we should continue to cherish it."
Over the past 60 years, Shotover Jet has carried more than 4.6million people, including a host of celebrities, and had more recently completed the conversion of one of its petrol-powered boats to 100% electric, and signed a contract with Naut to undertake a feasibility study to build a new electric fleet.
As part of Shotover Jet's 60th anniversary celebrations, people turning 60 this month could ride for free, though terms and conditions applied.
tracey.roxburgh@alliedmedia.co.nz
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NZ Herald
20 hours ago
- NZ Herald
Shotover Jet marks 60 years, eyes electric future for jetboat fleet
Ross Melhop, one of the two brothers who started the Shotover Jet business back in 1965. Originally revealed back in 2022, a prototype of the carbon-free jet made a splash around Lake Wakatipu before it was tested on the Shotover River. Boyer explained that while the data gained from the test was very useful, they learned the weight limit is a key challenge in making the boats electric. He said fixing that issue relies on new technologies being created. 'It's only a case of holding on for a few years and then the technology will be where we need it to be. While we wait for that, there's still quite a lot of mahi going on in the background with design and research of electric motors and controllers. 'One of the big changes we've had since I've been managing this business is moving to a V8 engine that uses around 30% less fuel than the previous model.' Originally a baker before joining the team in Queenstown, Boyer has worked in various roles across the business over the last 10 years, including as groundskeeper, before he eventually drove full time for eight years. He has completed roughly 5500 trips in his time at the business. 'I'm very fortunate to have had this journey because when the team talk to me about something they experienced on the river or challenges with the system at the front desk, I've probably worked in their role or a role that's similar, so I understand what they're talking about,' Boyer said. The training regime for drivers is intense: they have to complete a minimum of 120 hours of training with an instructor over three to four months before they can drive passengers. It's more than double the 50 hours needed to get a licence with Maritime New Zealand. 'Once you become proficient, the most enjoyable part of your day is when you're driving down the river with 14 passengers on board. 'You need to be driving very precisely and very accurately, but it's like any job, once you get your head around it and you get proficient, you're just making sure you're sticking to those standards and it becomes like the back of your hand.' Sixty years of thrills Famous passengers who have taken a spin over the last 60 years include members of the British royal family and NZ's own Emirates Team New Zealand, but as Ngāi Tahu Tourism general manager Jolanda Cave explained, the most important passengers have come from the local community. 'When we have our open days for our local community and start to see those who live in Queenstown get on board and enjoy what it is that we offer, they're actually the most rewarding days,' Cave said. Cave has been working with Shotover for 10 years, originally relocating her entire family from Auckland to live in Queenstown. She remembers being 'incredibly happy' in her previous job, but the opportunity to work for Shotover and Ngāi Tahu was too big to pass up. Trevor Gamble, who owned Shotover Jet for 16 years with his wife Heather until 1986, pictured here getting ready to take some passengers out on the water. Ngāi Tahu became majority shareholders of the Shotover Jet operation in 1999, before securing full ownership in 2004. The iwi has built up a portfolio of tourism and other businesses with its $170 million Treaty of Waitangi settlement, employing 261 people across the division. Its portfolio includes the All Blacks Experience, Hollyford Wilderness Experience, Guided Walks NZ, Dart River Adventures, Dark Sky Project, Franz Josef Glacier Guides, Hukafalls Jet, Agrodome and the National Kiwi Hatchery. In its 2024 annual report, the iwi stated the tourism division had increased its revenue 49% year-on-year, delivering an operating surplus of $4.8m. The group reported total revenue across its seven business units of $347.3m for the 2023-24 financial year, down from $372.8m the year prior. Prince William and Kate rode the Shotover Jet in Queenstown during their royal tour in 2014. Photo / Supplied The Covid-19 pandemic had a substantial impact on the business, as with many others in the Queenstown region. At the time, 309 jobs were cut across Ngāi Tahu Tourism's operations. Thankfully, green shoots are now appearing, Cave believes. 'I think for Shotover absolutely, they've been really fortunate that Queenstown as a destination has returned a lot quicker than the rest of Aotearoa, and it's just had numbers slightly above a pre-Covid environment. 'But with that we also need to be really mindful of our licence to operate, because in those years in a post-Covid environment it was our local domestic market that kept our doors open and really looked after us.' Cave said the business has a unique point of difference that she can't help but be proud of. 'You can't help but fall in love with the product itself and the fact that it's been around for so long and it always continues to try and be better and evolve. 'Every time of year that you go on it, it'll be a completely different trip. We have so many multi-generations that come with their children, their grandchildren, or they did it when they were young and they want to do it again. Every time it blows their mind and it's the trip of a lifetime.' As part of Shotover's 60th birthday celebrations, a newly produced documentary tracing its journey from humble beginnings aired in Queenstown on Saturday. It will also be screened throughout October aboard Air New Zealand via the Tiaki Channel. Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.


NZ Herald
2 days ago
- NZ Herald
Trump's tariffs are making money. That may make them hard to quit
Indeed, Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the US. Members of his Administration have argued that the money from the tariffs would help plug the hole created by the broad tax cuts Congress passed last month, which are expected to cost the Government at least US$3.4 trillion. 'The good news is that Tariffs are bringing Billions of Dollars into the USA!' Trump said on social media shortly after a weak jobs report showed signs of strain in the labour market. Over time, analysts expect that the tariffs, if left in place, could be worth more than US$2t in additional revenue over the next decade. Economists overwhelmingly hope that doesn't happen and the US abandons the new trade barriers. But some acknowledge that such a substantial stream of revenue could end up being hard to quit. 'I think this is addictive,' said Joao Gomes, an economist at the University of Pennsylvania's Wharton School. 'I think a source of revenue is very hard to turn away from when the debt and deficit are what they are.' Trump has long fantasised about replacing taxes on income with tariffs. He often refers fondly to American fiscal policy in the late 19th century, when there was no income tax and the government relied on tariffs, citing that as a model for the future. And while income and payroll taxes remain by far the most important sources of government revenue, the combination of Trump's tariffs and the latest Republican tax cut does, on the margin, move the US away from taxing earnings and towards taxing goods. Such a shift is expected to be regressive, meaning that rich Americans will fare better than poorer Americans under the change. That's because cutting taxes on income does, in general, provide the biggest benefit to richer Americans who earn the most income. The recent Republican cut to income taxes and the social safety net is perhaps the most regressive piece of major legislation in decades. Placing new taxes on imported products, however, is expected to raise the cost of everyday goods. Lower-income Americans spend more of their earnings on those more expensive goods, meaning the tariffs amount to a larger tax increase for them compared with richer Americans. US President Donald Trump. Photo / Tierney L. Cross, The New York Times Tariffs have begun to bleed into consumer prices, with many companies saying they will have to start raising prices as a result of added costs. And analysts expect the tariffs to weigh on the performance of the economy overall, which in turn could reduce the amount of traditional income tax revenue the Government collects every year. 'Is there a better way to raise that amount of revenue? The economic answer is: Yes, there is a better way, there are more efficient ways,' said Ernie Tedeschi, director of economics at the Yale Budget Lab and a former Biden Administration official. 'But it's really a political question.' Tedeschi said that future leaders in Washington, whether Republican or Democrat, may be hesitant to roll back the tariffs if that would mean a further addition to the federal debt load, which is already raising alarms on Wall Street. And replacing the tariff revenue with another type of tax increase would require Congress to act, while the tariffs would be a legacy decision made by a previous president. 'Congress may not be excited about taking such a politically risky vote when they didn't have to vote on tariffs in the first place,' Tedeschi said. Some in Washington are already starting to think about how they could spend the tariff revenue. Trump recently floated the possibility of sending Americans a cash rebate for the tariffs, and Senator Josh Hawley, (Republican-Missouri), recently introduced legislation to send US$600 to many Americans. 'We have so much money coming in, we're thinking about a little rebate, but the big thing we want to do is pay down debt,' Trump said last month of the tariffs. Democrats, once they return to power, may face a similar temptation to use the tariff revenue to fund a new social programme, especially if raising taxes in Congress proves as challenging as it has in the past. As it is, Democrats have been divided over tariffs. Maintaining the status quo may be an easier political option than changing trade policy. 'That's a hefty chunk of change,' Tyson Brody, a Democratic strategist, said of the tariffs. 'The way that Democrats are starting to think about it is not that 'these will be impossible to withdraw.' It's: 'Oh, look, there's now going to be a large pot of money to use and reprogramme.'' Of course, the tariffs could prove unpopular, and future elected officials may want to take steps that could lower consumer prices. At the same time, the amount of revenue the tariffs generate could decline over time if companies do, in fact, end up bringing back more of their operations to the US, reducing the number of goods that face the import tax. 'This is clearly not an efficient way to gather revenue,' said Alex Jacquez, a former Biden official and the chief of policy and advocacy at Groundwork Collaborative, a liberal group. 'And I don't think it would be a long-term progressive priority as a way to simply collect revenue.' This article originally appeared in The New York Times. Written by: Andrew Duehren Photographs by: Alyssa Schukar, Tierney L. Cross ©2025 THE NEW YORK TIMES


NZ Herald
2 days ago
- NZ Herald
No plan A or B: Danyl McLauchlan on PM Chris Luxon's economic tinkering
Walking a fine line between self congratulations and bold policy: PM Christopher Luxon and finance minister Nicola Willis. Photo / Getty Images / composite The government lacks a roadmap for a sustained economic recovery beyond tinkering with childcare rebates and payment surcharges. In the satirical war novel Catch 22, a burnt-out World War II pilot covertly moved the red string on the battle map demarcating the front line, reasoning that this would somehow cause the army to have advanced in real life so he wouldn't have to fly more missions. It's a joke about confusing the map for the territory: our simplified models of reality are not the real world. For most of 2024, US voters told pollsters they were angry about inflation and they'd kick out Joe Biden's government if he didn't do something about it. The Biden administration would exasperatedly reply, 'We did do something! Look at the CPI. The rate of inflation was 9%, it's now 2.9%.' Voters were not persuaded. They felt the government was pointing to a line on the map, not the world. So they voted for Donald Trump, who vowed he would beat inflation. Core CPI is now lower than it was under Biden, though this might change as the effects of Liberation Day's tariffs kick in. But Americans are angry at Trump anyway, because their food prices are up, and expensive groceries and petrol are what most people mean by inflation. US discourse is focused on eggs. In New Zealand, we're upset about butter. Both might seem trivial, but these are things we can point to in the world and shout, 'Forget the CPI. Your map is wrong. Prices are still high!' Prime Minister Christopher Luxon and Finance Minister Nicola Willis are trying to walk a fine line between congratulating themselves on their incredible work in defeating inflation and introducing bolder policies to tackle inflation because the public is clearly not convinced by the first claim. Rebate boost The flagship policies include the tax cuts passed last year – stealthily being clawed back as wages rise alongside prices via the infamous fiscal-drag mechanism – and FamilyBoost, a rebate scheme for early childhood education. This has simultaneously been a triumph and a failure, depending on your perspective. The policy has significantly lowered the cost of childcare, because the government is subsidising 25% of weekly ECE fees. But it has simultaneously lifted the price of childcare – because the government is subsidising 25% of weekly ECE fees, providers have every incentive to charge more. We've recently learned the scheme has fully benefited only 249 households instead of the 21,000 predicted by IRD's model. Willis's solution is to extend the rebate to 40% and make this available to households earning up to $229,000 a year. This makes political sense – National can hardly abandon a key campaign promise in the middle of a cost-of-living crisis. But it means the state will give up to $250 a fortnight to households earning more than twice the median income, while lecturing both central and local government agencies about the need for prudence and fiscal discipline. Council rap After a spate of dire polls and yet another round of rapacious rates rises contributing to an increase in the CPI last quarter there's talk of a rates cap on councils. Local Government Minister Simon Watts claims to want the policy in place 'as fast as possible' and has introduced legislation along those lines; but neither Act nor New Zealand First appear convinced. There's also a plan to ban payment surcharges for in-store electronic transactions 'by May 2026 at the latest'. If they're voted out of office in late 2026, National will look back in astonishment at how little they did to address the key issue that won them the 2023 election ‒ the cost of living. In the US, there were two popular theories to explain the disconnect between voter perceptions and the economic data, and both feel true for New Zealand. The first came from The Atlantic journalist Annie Lowrey, who explained that most of us anchor cost expectations to the price tags we got used to during the pre-pandemic era of low inflation. Washing powder was $20, now it's $30. Even if the price hasn't changed in the past year, we still register it as an increase every time we pay the higher amount. The 'vibecession' The second theory is from economic commentator Kyla Scanlon, who coined the term 'vibecession'. She argues years of instability caused by Covid, inflation, layoffs and the housing crisis have created a profoundly negative mood about the state of the US economy. This was amplified by social and mainstream media, reinforcing pessimism even during the recovery. Prices here might be more stable than they were three years ago, but the overall vibes are terrible. New Zealand feels broken in a way that banning credit card surcharges will probably not resolve. Both theories are grounded in psychology rather than microeconomics. Both will need a broad, sustained economic recovery to solve them – something National has promised but not yet delivered, a failure the Prime Minister loudly blames on Labour, although local government and the media also seem to be complicit. When Luxon was opposition leader, he assured voters our problems were caused by former prime minister Chris Hipkins and former finance minister Grant Robertson, and they'd be solved when he was running things. They all say that. But incoming governments usually have some kind of plan to address the more serious challenges they're confronted with – such as a sustained economic downturn. Luxon seems to have assumed his mere presence in the Beehive would sort this out. Two years in, it's still hard to see any kind of plan. He doesn't seem to occupy the same bleak territory the rest of us live in, nor does he have a map to guide him or us anywhere. John Maynard Keynes used to mock economists who 'can only tell us that when the storm is long past the ocean is flat again', but even that is preferable to political leaders who squander their time in power whining that the storm is everyone else's fault.