Dead skydiver was foreign national - police

The man missing after a skydiving accident in Queenstown is a foreign national, police say.

The tandem skydiving accident happened on Wednesday. The instructor was taken to hospital and has since been released, but the passenger is still missing.

Emergency services were alerted to the incident at around 1:30pm, when the two skydivers landed in Lake Wakatipu near Jack's Point.

A private vessel and helicopter were in the area at the time of the accident, and were able to rescue the instructor within approximately 20 minutes of the two men landing in the lake.

On Wednesday, a water and aerial search was suspended at 4:30pm when it was determined that if the man was on the lake surface, he would have been located.

A shoreline search by LandSAR and Coastguard volunteers was also unsuccessful, and the police dive squad is now investigating whether it can use sonar equipment to assist with the recovery of the man's body.

NZONE, the Queenstown-based company involved in the jump, has suspended its skydiving operations while the search continues.

The company described the instructor as highly experienced and having completed thousands of jumps.

The Transport Accident Investigation Commission has opened an inquiry into the crash.