This via the Ffestiniog and Welsh Highland Railway website...
Alan Francis Pegler OBE
It is with great sadness that we report that Alan Francis Pegler passed away on Sunday 18th March 2012 after a short illness. He was 91.
As well as being the President of both the Ffestiniog Railway Society and the Ffestiniog Railway Company, Alan was also responsible for preserving Flying Scotsman after she was withdrawn from service by British Railways.
Rest in Peace.