GERMANY: Rolling stock builder Fahrzeugtechnik Dessau AG lodged a formal insolvency application with the Dessau Rosslau district court on March 25.
Attorney Dr Volkhard Frenzel has been appointed provisional insolvency manager. FTD was taken over by Transmash Holding in 2006, and currently has 168 staff. Recent projects have included development of the Protos regional EMU.
SPAIN: National operator RENFE has agreed to provide third party ticket retailers with access to real-time ticketing and train running information which is currently only available through its own platforms. On May 19 RENFE met with the UNAV travel agency association which has 120 full members. ...
INDIA: Publishing its final results for the 2022-23 financial year, Indian Railways has reported a 27·75% increase in revenue for the 12 months to March 31. Reflecting economic buoyancy in the face of global headwinds, the national railway reported revenues of Rs2·44tr for the year. This ...
GERMANY: Deutsche Bahn group has reported a positive year in 2022, closing with an adjusted EBIT of just over €1∙25bn compared with an operating loss of €1∙55bn in 2021. Group revenues increased by 19∙1% to reach a record of €56∙3bn thanks to high demand for passenger ...
EUROPE: The heroism and resilience of Ukrainian Railways over the past year was marked at the 16th European Railway Award celebrations, with the presentation of the Rail Champion award.
