8 months ago
LVMH's Belmond Blames Carlyle Unit for Machu Picchu Train Crash
There was a big train crash near Machu Picchu in Peru.
One person died, and many others were hurt.
Belmond, a company that owns luxury trains, says another train company, Inca Rail, didn't stop where it was supposed to and crashed into theirs.
Inca Rail says they are working with authorities to figure out what happened.
The crash also left many tourists stuck for a long time.
Machu Picchu is a very popular place for tourists, and many visit by train.
A train crash on Peru's Machu Picchu railway left one dead and dozens injured on December 30, 2023.
Belmond Ltd, a subsidiary of LVMH, blames Inca Rail, a company majority-owned by Carlyle Group, for the crash.
Belmond alleges that Inca Rail transited through an unauthorized part of the tracks, causing a head-on collision.
Inca Rail is cooperating with authorities and has not yet accepted responsibility for the crash.
The crash stranded about 2,000 passengers, who had to wait around 12 hours to be evacuated.
- Who
- Belmond Ltd (LVMH subsidiary) and Inca Rail (Carlyle Group unit)
- What
- A train crash on the Machu Picchu railway
- Where
- Machu Picchu railway, Peru
- When
- December 30, 2023, in the early afternoon
- Why
- Inca Rail allegedly transited through an unauthorized part of the tracks, leading to a head-on collision
Key facts
- Date of Incident
- December 30, 2023
- Location
- Machu Picchu railway, Peru
- Casualties
- 1 dead, dozens injured
- Passengers Stranded
- 2,000
- Market Share (2024)
- PeruRail: 74%, Inca Rail: 26%
- Annual Passengers
- 3 million
Quotes
Laurent Carrasset
Executive at Belmond Ltd, a luxury hospitality subsidiary of LVMH
“The Inca Rail train did not stop at the assigned spot, moving through an unauthorized stretch. Approximately 400 meters (437.4 yards) later, it crashed.”
livemint.com
Inca Rail
Train company majority-owned by Carlyle Group Inc
“Jumping to conclusions before authorities have weighed in may generate biased interpretations of facts that are still being verified.”
livemint.com
