LAAX Remains Under Swiss Control

By purchasing the lifts, mountain restaurants, operating buildings and avalanche protection systems, the community will retain strategic input, ensuring the infrastructure is operated long term in the overall best interest of the region.

The municipalities and Weisse Arena Group, which is the parent company of Weisse Arena Bergbahnen AG, have agreed to a ‘sell and lease back’ model.

This means the municipalities will own the infrastructure, while management of operations will remain with the Weisse Arena Group.

LAAX, Switzerland. ©LAAX

“The acceptance of the proposal by all three municipalities is a sign of confidence in the long-standing cooperation between the local community and the Weisse Arena Group,” said the Chairman and Delegate of the Board of Directors for Weisse Arena Group, Reto Gurtner.

“This agreement paves the way for keeping the mountain’s tourism infrastructure under local ownership and thereby strengthening tourism in our region while maintaining our agency, identity and values.

“The acceptance is also a conclusion that the long-term development of tourism will successfully continue as our companies, municipalities and residents all work together.

“We are confident that there is no entity who can manage this region better than the local communities, and we look forward to continuing our efforts in promoting tourism in the region while protecting the interests of our residents and environment.”

LAAX, Switzerland. ©LAAX

Related Articles:

• Vail Resorts completes purchase of Crans-Montana lift company
• Vail Resorts takes controlling interest in Swiss resort of Andermatt 

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