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The fire broke out shortly before 4am on Otago Anniversary Day.

It typically adds $40 million to the local economy with 55,000 people in attendance.

Major changes to the entrance to Wanaka are on the cards, including a roundabout.

The all-carbon-fibre product is designed to 'fly pretty much on the waterline'.

The 193ha Otago site was bought by the American billionaire in 2015.

Organisers announced the popular annual triathlon festival cannot go ahead.

Four others were also injured in the Wanaka crash last year.

Nikolai Solakof had never sewn before reviving Oscar Eide from his shed.

The crash occurred on Monday during a landing on Mt Hyde, Otago.

Police were called to the Caltex Wanaka at about 2pm.