Daily Archive for October 9th, 2008

Two new high speed quads for Solitude

Solitude ski area in Utah has announced the installation of two new lifts, Apex Express and Moonbeam Express. The new lifts mean that both Solitude Village and Moonbeam Centre will feature high speed lifts next season. So, no matter whether guests are lodging in the Village or drive up for the day, they’ll begin the day being whisked up the hill at high speed.
Both of these new lifts will provide easier loading and unloading for resort guests, along with a quicker ride time by eliminating the frequent starts and stops of fixed-grip lifts. The new lifts give direct access to Solitudes intermediate terrain, which supports Solitude’s ongoing commitment to offering a family-friendly experience.


Apex Express will replace the existing Apex double lift with the same convenient lift access, the bottom terminal will remain unchanged, just a few steps from the village skier bridge. The Moonbeam base area will see its fourth “Moonbeam Lift”, dubbed “Moonbeam Express.” The original Moonbeam lift, built half a century ago, had a different lift line, offered night skiing and was a 10-plus-minute lift ride on a double lift.

Compagnie des Alpes clears up financial position

With the world economic crisis crippling much of the world and sending shockwaves everywhere, largest ski resort operator, the Compagnie Des Alpes issued a specific statement regarding the profitability of its operations.
The world’s largest ski resort operating company, Compagnie des Alpes, manages 17 ski resorts in the European Alps made the decision to publish a statement regarding the health of its operations after the French bank and insurance broker, Fortis published a report on the level of indebtness of French companies.
The corporate statement outlined that:

Compagnie des Alpes wishes to emphasize that its financial situation is sound and especially that it is respecting all of its financial covenants.
The capital intensity and sustainability of the Group’s operations are sufficient to warrant long-term debt financing. It has therefore sought long-term maturity dates, chiefly in 2011. Moreover, the lines of credit that Compagnie des Alpes has at its disposal easily surpass its foreseeable needs for financing.”

Compagnie Des Alpes is scheduled to release the 2007/2008 sales figures on October 30.