First Trenitalia awarded West Coast franchise

Vehicle and Fleet discussions for First Midland Red Buses Limited or its predecessor, Midland Red West Limited.
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TimBrown
Posts: 513
Joined: 05:59 Monday 4th July 2016
Location: Worcester

First Trenitalia awarded West Coast franchise

Post by TimBrown » 08:26 Thursday 15th August 2019

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

bringstybeast
Posts: 28
Joined: 18:17 Saturday 9th July 2016

Re: First Trenitalia awarded West Coast franchise

Post by bringstybeast » 11:00 Thursday 15th August 2019

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...

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