Ascendos Rail Leasing
Lua error in Module:Infobox at line 314: malformed pattern (missing ']'). Ascendos Rail Leasing S.à r.l., formerly CBRail, is a European rolling stock leasing company based in Luxembourg, formed in 2004 from the European operations of Porterbrook.[1] The company focuses on Continental Europe, and has offices in Luxembourg, Germany and the United Kingdom.[2]
Ascendos is owned by a consortium of Everest Babcock & Brown Opportunities Fund of Australia, Global Investments Limited of Singapore and the British Lloyds Banking Group's subsidiary BOSSAF Rail Limited.[3]
Background
CBRail was created by the takeover of the European operations of the Porterbrooks rail leasing company by a joint venture between Babcock & Brown and Bank of Scotland Corporate Europe (a banking division of HBOS).[1] At the time of the takeover from Porterbrook the company had leasing arrangements for 28 locomotives and 67 coaches.[4][5][6][7]
Under the new financial backing, the company intended to grow to have a significant market share in the European railway leasing business; in order to do this it expanded its fleet. An order for 35 diesel and electric TRAXX locomotives was placed with Bombardier Transportation in 2006 with an option for 70 more.[8]
During the 2000s CBRail continued to expand its fleet, including freight wagons in its portfolio;[9] by June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction.[9]
See also
- Mitsui Rail Capital, Alpha Trains; European competitors
References
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<references />, or <references group="..." />External links
- ↑ 1.0 1.1 Rail Cargo information Netherlands railcargo.nl Archived 24 July 2011 at the Wayback Machine
- ↑ Current Asset Review: Period ended 31 March 2010 Page 6 , wwww.globalinvestmentslimited.com
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ CBRail, a new rolling stock leasing company created by Babcock & Brown and the Bank of Scotland, has purchased the European arm of Porterbrook Leasing International Railway Journal, January 2005, via findarticles.com[dead link]
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Bombardier Receives $156 Million US Order from CBRail for 35 TRAXX Locomotives to Provide More Rolling Stock in Europe BusinessWire, 2 February 2006, via www.thefreelibrary.com
- ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
