CBrail
Encyclopedia
CBRail Sàrl is a European rolling stock
leasing
company based in Luxembourg
, formed in 2004 from the European operations of Porterbrook
.
Since March 2010 the company's rail leasing activities in Germany and Luxembourg have been carried out by the renamed subsidiary Ascendos Rail Leasing.
The company now forms part of Lloyds TSB Rail Capital, a division of Lloyds Banking Group
.
s rail leasing company bya joint venture between Babcock & Brown and Bank of Scotland Corporate Europe
(a banking division of HBOS
) At the time of the takeover from Porterbrook the company had leasing arrangements for 28 locomotives and 67 coaches.
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.
Through the 2000s CBRail continued to expand its fleet, including freight wagons in its portfolio.; by June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction.
Rolling stock
Rolling stock comprises all the vehicles that move on a railway. It usually includes both powered and unpowered vehicles, for example locomotives, railroad cars, coaches and wagons...
leasing
Leasing
Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments....
company based in Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, formed in 2004 from the European operations of Porterbrook
Porterbrook
Porterbrook is one of the three major ROSCOs in the United Kingdom...
.
Since March 2010 the company's rail leasing activities in Germany and Luxembourg have been carried out by the renamed subsidiary Ascendos Rail Leasing.
The company now forms part of Lloyds TSB Rail Capital, a division of Lloyds Banking Group
Lloyds Banking Group
Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...
.
Background
CBRail was created by the takeover of the european operations of the PorterbrookPorterbrook
Porterbrook is one of the three major ROSCOs in the United Kingdom...
s rail leasing company bya joint venture between Babcock & Brown and Bank of Scotland Corporate Europe
Bank of Scotland
The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the second oldest surviving bank in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to...
(a banking division of HBOS
HBOS
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009...
) At the time of the takeover from Porterbrook the company had leasing arrangements for 28 locomotives and 67 coaches.
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
TRAXX
Bombardier TRAXX is a modular product platform of electric and Diesel-electric mainline locomotives built by Bombardier Transportation, built in both freight and passenger variants...
locomotives was placed with Bombardier Transportation
Bombardier Transportation
Bombardier Transportation is the rail equipment division of the Canadian firm, Bombardier Inc. Bombardier Transportation is one of the world's largest companies in the rail-equipment manufacturing and servicing industry. Its headquarters are in Berlin, Germany....
in 2006 with an option for 70 more.
Through the 2000s CBRail continued to expand its fleet, including freight wagons in its portfolio.; by June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction.
See also
- PorterbrookPorterbrookPorterbrook is one of the three major ROSCOs in the United Kingdom...
, leasing company from whose mainland European business CBRail was formed - MRCEMRCEMRCE can refer to:*Manav Rachna College Of Engineering*Mitsui Rail Capital EuropeSee also*Mrče, village in Serbia...
, Alpha TrainsAlpha TrainsAlpha Trains is a rolling stock leasing company operating in the European Union and EFTA regions of mainland Europe.-History:Alpha Trains was formed on 1 January 2010 from the former mainland European business of Angel Trains, being renamed from Angel Trains International-Assets:*Passenger trains...
; European competitors