Rail News

DATE

October 04 , 2021


Payday for train leasing giant Porterbrook despite pandemic hit to railways

The Times 
October 03 2021 (UK)

One of Britain’s biggest train leasing companies paid out £80 million in dividends to its largely foreign-based investors last year as it made profits despite the skeleton service on the rails during the pandemic.

Porterbrook, owner of about a quarter of the UK’s rolling stock, shrugged off the effects of Covid-19, reporting a mere 6 per cent dip in turnover to £454 million.

Leasing companies are paid by the train operating companies (TOCs) regardless of whether their trains actually run.

Source
https://www.thetimes.co.uk/article/payday-for-train-leasing-giant-porterbrook-despite-pandemic-hit-to-railways-j6cgpgz3p

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