leasing company, has recently signed new contracts with train
manufacturer Alstom worth £1.5 billion (€1.88 billion).
Under the terms of the deal, Alstom will provide Angel with the
supply of new Pendolino rolling stock and a 10-year maintenance
regime.
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The rolling stock contract, signed at the beginning of the
month, includes four new 11-car Pendolino trains and the
lengthening of another 31 Pendolino trains already owned by
Angel.
Work on the new trains will begin in January 2009, with a view
to enter service by 2012. At a future date, Angel will also have
the option to extend the remaining trains of its fleet.
Angel already owns 52 Pendolino trains on the West Coast Main
Line, which are all in operational service with Virgin Trains.
The additional rolling stock (equal to 106 vehicles) will create
a total of 7,420 extra seats on the fleet.
Commenting on the deal, Rob Verrion, CEO of Angel Trains, said:
“We have been supportive of extending our Pendolino fleet to
increase capacity, and I am therefore delighted that this deal has
come to fruition.
“This move will reduce overcrowding and significantly improve
the travel experience for passengers on the West Coast Main
Line.”
This summer, Angel Trains Group was sold by the Royal Bank of
Scotland for £3.6 billion to a consortium of investors including
Babcock & Brown.
