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CairnGorm funicular railway operator placed into administration

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Mountain Technology,


CairnGorm Mountain Ltd (CML), the operator of the funicular railway at the CairnGorm Mountain resort in Scotland, has been placed into administration due to “unsustainable cash flow problems” caused by the funicular’s closure since early October.

The funicular was closed following an inspection that uncovered safety issues. Investigations are still ongoing, and publication of a report is anticipated later this month.

Discussions are ongoing to find a potential purchaser of the remaining business and its assets, with no redundancies expected, according to administrators Campbell Dallas.

Reacting to the news, Highlands and Islands Enterprise (HIE), said it was “confident” the resort would stay open during the winter season.

Charlotte Wright, Chief Executive of HIE, said: “Clearly, this is not the outcome that anyone wanted when CML became the operator. However, with local support, we are confident that the situation can be turned around and we will see Cairngorm flourish again as a fantastic asset for this area, its economy and its people.

“£1 million worth of snowmaking equipment, paid for by HIE, has arrived and will be set up on site as soon as possible. This will provide reliable snow cover for visitors on the lower slopes, creating good conditions for beginners and families especially.

“It also means that when there is suitable snow on the higher slopes, more experienced skiers can access those levels by tow."

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Read the article online at: https://www.mountaintechnologymagazine.com/mountain-tourism/03122018/cairngorm-funicular-railway-operator-placed-into-administration/

 

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