Virgin Trains East Coast making a loss, Stagecoach confirms

New commercial terms for the InterCity East Coast franchise are being discussed with the Department for Transport, Virgin Trains East Coast’s majority owner Stagecoach Group has confirmed.

UK: New commercial terms for the InterCity East Coast franchise are being discussed with the Department for Transport, Virgin Trains East Coast’s majority owner Stagecoach Group confirmed on June 28. Announcing its preliminary results for the year to April 29 2017, Stagecoach said it expected to finalise new commercial terms ...

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