The Commerce Commission says those holding tickets to a failed Waikato air show can expect to have most of their money refunded.
Airshow.co.nz. which tried to set up the March 2008 Wings and Wheels show, was put into liquidation by some of the event's sponsors.
On Wednesday, the High Court in Auckland upheld the Commerce Commission's view that a trust fund of around $500,000 should be used to refund ticket holders.
Commission spokesperson Adrian Sparrow says that process can now get underway, and while it is not known how much of the money will be made available, it appears as though most people will get most ticket money returned.