Latest Rail News

06.12.17

Angel secures funding to refinance Greater Anglia Aventra rolling stock

Funding of £835m has been secured by Angel Trains to refinance the procurement 665 trains for Greater Anglia.

The 665 Bombardier Aventra vehicles will be leased to the Abellio Greater Anglia franchise from 2019.

Angel Trains Group has raised the funds from a diverse group of lenders, alongside other recent debt issuance of around £300m, which the company says will reduce its refinance risk, providing “headroom for further investment.”

Malcolm Brown, chief executive of Angel Trains, said that the train leasing company is “delighted” to have raised over £1.1bn over the past three months.

He said: “Our innovative refinancing model further emphasises Angel Trains’ ability to effectively and competitively manage our portfolio, reduce risk and create an attractive proposition to funders.”

Brown continued: “It paves the way for new projects and provides an increased capacity for Angel Trains’ continued investment in the UK rail industry.”

Have you got a story to tell? Would you like to become an RTM columnist? If so, click here

Comments

Andrew Gwilt   06/12/2017 at 19:20

That’s why people who use Greater Anglia and have heard about new trains coming will soon be seeing them in service from 2019. And that’s why I can’t wait.

Andrew JG   07/12/2017 at 03:35

@RTM. Hate to say it but that picture looks old. That’s a Class 165 in First Great Western Link livery before it was rebranded in Great Western Railway green livery. Why didn’t you include a Greater Anglia Class 153 or Class 156.

Andrew JG   07/12/2017 at 03:37

Or a Renatus Class 321 that is refurbished.

Not A Parody, Honest   07/12/2017 at 09:19

Or an Aventra as they are the rolling stocks for the GA Franchise to operate services out of London Liverpool Street station

Not Quite....   07/12/2017 at 12:38

Not sure what you're waiting for Andrew with the new trains as ! and most of my fellow travellers from North Essex fear them with dread! Newer trains these days are almost always more uncomfortable and cramped with seats like diving boards. We lose our first class except for Norwich services and even these will be limited. The style today is nothing matters other than capacity so just cram them in basic kit! When you think we used to have Clacton Expresses with catering and comfortable spacious seats, what a downfall to today's offering.

T Marks   07/12/2017 at 13:05

One would wonder if that is a photo of an Angel owned train. Great Western Greater Anglia

SPT   07/12/2017 at 15:09

Jeez... we've suffered enough with shabby un-refurbished 360's. The "Renatus" 321's have little in terms of comfort and now we are to be subjected to new packing crates on wheels in the form of Aventras... Can't wait.... not

Huguenot   07/12/2017 at 20:03

So what's going to happen to Anglia's existing stock? Quite a lot of it is not yet ready for the scrapheap. (Passenger comfort is a function of the seating quality and layout rather than the basic train itself.) Of course, if various electrification projects across the country had not been halted (e.g. MML, Trans-Pennine, S Wales Valleys) then they would have found a home. One wonders if the cost or writing off unwanted electric stock is ever taken into account when deciding on electrification projects.

Andrew Gwilt   08/12/2017 at 02:08

@Not Quite.... True. I went on the refurbished Class 321 and the seats aint wide enough to accommodate leg space which is real shame.

Andrew JG   09/12/2017 at 00:21

Oh so now you have changed the picture RTM. Well done.

Not A Parody, Honest   12/12/2017 at 10:53

Great work Andrew! Now the correct rolling stocks are on display.

Andrew Gwilt   15/12/2017 at 00:47

@Not A Parody, Honest. I’m waiting patiently on whether the new Aventra trains for WM Trains and c2c could be classified as in the Class 3xx or Class 7xx category and CAF Civity DMU that could be classified in the Class 19x category. Properly it should be announced after Christmas or in early January next year for these rail operators.

Add your comment

 

rail technology magazine tv

more videos >

latest rail news

NIC chair: Government must commit to clear plan for Crossrail 2 and NPR

16/02/2018NIC chair: Government must commit to clear plan for Crossrail 2 and NPR

Progress on Crossrail 2 and Northern Powerhouse Rail has been branded “hugely disappointing”, by the National Infrastructure Commission... more >
RMT announces further 24-hour strike on Northern and Merseyrail

16/02/2018RMT announces further 24-hour strike on Northern and Merseyrail

Further strike action on Merseyrail and Northern has been confirmed by RMT, whose members will strike for 24 hours on 3 March as part of a long-run... more >
Northern line extension: TfL warns of 5-month disruption to Bank branch services

15/02/2018Northern line extension: TfL warns of 5-month disruption to Bank branch services

TfL has cautioned passengers on the Northern Line about upgrade works which mean Bank branch services will go for a 5-month period without stoppi... more >

editor's comment

23/01/2018Out with the old...

Despite a few disappointing policy announcements, especially for the electrification aficionados amongst us, 2017 was, like Darren Caplan writes on page 20, a year generally marked by positive news for the rail industry. We polished off the iconic Ordsall Chord (p32), hit some solid milestones on Thameslink (p40), progressed on ambitious rolling stock orders (p16), and finally started moving forward on HS2 (p14) ‒ paving the way for a New Ye... read more >

rail industry focus

  • 08/12/2017A game changer for Midland Metro

    The West Midlands Combined Authority (WMCA) updates RTM’s Luana Salles on the latest projects taking place across the growing Midland Metro...
  • 09/11/2017Testing tomorrow's technology today

    David Brazier, site manager and area sales manager for the UK & Ireland at OMICRON electronics, tells RTM’s Luana Salles about the major...
  • 09/11/2017What next for safety?

    As rail businesses edge towards their target of zero injuries, improving safety performance can plateau. Amey’s sector director for rail, Lee...
View all News

interviews

Transforming travel in the north west

06/02/2018Transforming travel in the north west

RTM’s Josh Mines talks to Robin Davis, head of new trains at TransPennine Express (TPE), about the huge rolling stock change journey the co... more >
Thameslink: Nearing the end of the line

23/01/2018Thameslink: Nearing the end of the line

RTM’s Josh Mines catches up with Mark Somers, project director for Thameslink, on how the final stages of the programme are progressing and... more >
Modernising journeys in north east England

09/11/2017Modernising journeys in north east England

First Hull Trains is about to embark on the biggest fleet overhaul it has delivered since being set up in 2000. Managing director Will Dunnett te... more >

last word

Encouraging youngsters to be safe on the railway

Encouraging youngsters to be safe on the railway

This summer, Arriva Group's CrossCountry and the Scout Association joined to launch a new partnership to promote rail safety among young people. ... more > more last word articles >

'the sleepers' daily blog

Big Rail Diversity Challenge 2018: Exciting details announced

09/02/2018Big Rail Diversity Challenge 2018: Exciting details announced

The first details of this year’s Big Rail Diversity Challenge have been revealed and it’s safe to say the 2018 edition is set to be m... more >
read more blog posts from 'the sleeper' >

comment

NCHSR: The possibilities are limitless

06/02/2018NCHSR: The possibilities are limitless

The National College for High Speed Rail (NCHSR) has been gifted with a brand-new lab dedicated to surveying and scanning technologies designed t... more >
Keeping Britain's railway on track

06/02/2018Keeping Britain's railway on track

Mick Whelan, general secretary of ASLEF, the train drivers’ union, argues investment in track maintenance and rail infrastructure is fundam... more >
The Intelligent Infrastructure approach

06/02/2018The Intelligent Infrastructure approach

Network Rail is seeking to improve asset management whilst cutting down on expenditure by implementing a new Intelligent Infrastructure programme... more >
Project Aura: Changing the game

02/02/2018Project Aura: Changing the game

Paul Boyle, head of ERTMS at Virgin Trains East Coast (VTEC), describes how Project Aura has been revolutionising training across the organisatio... more >