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First Trenitalia awarded West Coast franchise

Posted: 08:26 Thursday 15th August 2019
by TimBrown
Whilst not bus related, this award of West Coast franchise might bring about a change of direction at board level and possible withdrawal of First bus operation 'for sale' notice!

Attached link has details of the rail deal;

https://www.railwaygazette.com/news/pas ... rship.html

And the thoughts of outgoing Virgin mogul Sir Richard Branson. The loss of this franchise also affects Stagecoach;

https://www.thisismoney.co.uk/money/new ... talia.html

Re: First Trenitalia awarded West Coast franchise

Posted: 11:00 Thursday 15th August 2019
by bringstybeast
The new chairman being a bit more “bussy” is going to have more of an impact on any divestment plans than the rail franchise. However, as the West Coast franchise will probably (my guess) get abandoned by DfT after the legal challenges, First might be in line for a multi-million compensation for lost “profits” without actually having to do anything...