Hello
As per Railway Gazette
https://www.railwaygazette.com/news...e-view/view/beacon-rail-buys-colas-fleet.html
Are they selling them and then leasing them back from Beacon Rail?
Colas get a cash injection and then the locos are no longer their liability for repairs?
Long term I don't imagine Beacon would lose out on the deal so equivalently Colas will pay more than they sold them for. Albeit with less assets on their books to maintain etc
Thoughts welcome!!
As per Railway Gazette
https://www.railwaygazette.com/news...e-view/view/beacon-rail-buys-colas-fleet.html
The 67 locos is the entire Colas fleet so what does this mean for their continued UK operations?EUROPE: Beacon Rail Leasing has acquired 67 diesel locomotives from Colas Rail, which will continue to operate them in the UK and France.
‘Acquiring this portfolio of diesel locomotives is in line with our strategy, growth ambitions and our continued commitment to being the leader in this segment of the market’, said Beacon Rail CEO Ted Gaffney when the deal was announced on December 20. ‘It adds to our existing fleet of heavy diesel locomotives, so this acquisition allows us to continue to leverage our existing skills, expertise and experience. We are also very pleased to add Colas Rail as a customer and we are looking forward to strengthening and growing our relationship with Colas Rail in the future.’
Are they selling them and then leasing them back from Beacon Rail?
Colas get a cash injection and then the locos are no longer their liability for repairs?
Long term I don't imagine Beacon would lose out on the deal so equivalently Colas will pay more than they sold them for. Albeit with less assets on their books to maintain etc
Thoughts welcome!!
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