Rail News


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.


Recommended for you