A man has been taken to hospital with minor injuries and a second man is missing, after a skydiving accident near Queenstown.
Emergency services were contacted at 1:42pm, with a report that two skydivers had landed in Lake Wakatipu, near Jack's Point.
The accident happened during a tandem jump involving two males - an instructor and a passenger. The skydiving instructor was retrieved from the lake and taken to hospital, while the passenger remains missing.
A witness to the accident told Newshub they saw the pair falling from the sky towards the lake.
A spokesperson for the skydiving company NZONE said the instructor was highly experienced and had completed "thousands" of jumps.
Wednesday's rescue operation involved the Coastguard, harbourmaster, water taxis and helicopters.
The police portion of the search was called off at 4:40pm Wednesday, while a search involving LandSAR and the Coastgaurd ended at 6:30pm.
Police say a decision on whether to continue searching will be made at 9am on Thursday.