Spanish eyes
You are correct , I am viewing this from a Passenger perspective.
You can’t blame Luton Council for lack of ambition, they obviously see the Airport, quite rightly as its biggest Asset.
They are doing nothing different to say MAG at STN , Stobart at SEN or Ontario Pensions at BHX in reinvesting in that Asset.
(The difference being where the profits go)
LTNman
At least the company providing the rolling stock is Doppelmayr , decades of experience operating equipment in hostile, sub zero temperatures— should be fine.