NZ tragedy hurts Aussie group

SHARES in an Australian adventure tourism company have fallen sharply following a skydiving incident in New Zealand on Wednesday, four months after a triple fatality tragedy in north Queensland.

Experience Co, which recently changed its name from Skydive The Beach Group, has resumed trading after going into a halt on Wednesday, when a tandem skydive customer went missing in the incident in Queenstown, New Zealand.

The company’s shares were down 8.8 per cent, or 7.5 cents, to 77.5 cents by 1207 AEDT on Wednesday.