284:, a competing Pan-European rolling stock lessor. The combined Beacon and Ascendos portfolio comprised 225 locomotives and over 1,000 freight wagons on lease in the UK, Scandinavia, Belgium, the Netherlands, Poland and Germany, 55 passenger train units on lease in the UK and Germany, and 13 sets of Mark 5 coaches which will be operated by
175:, a competing Pan-European rolling stock lessor, was in the process of acquiring Ascendos Rail Leasing. The portfolio of the combined companies comprised 225 locomotives and over 1,000 freight wagons on lease across various European nations. The Ascendos Rail Leasing name ceased to be used following the company's integration into Beacon.
159:
was announced. Throughout the rest of the decade, the company formed multiple deals to expand its inventory of rolling stock. By June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction. At the start of 2010, the company rebranded
203:
Following the acquisition, the company intended to use its new financial backing to build a significant market share within the
European railway leasing business; accordingly, CBRail quickly decided to expand its rolling stock inventory. During February 2006, an $ 156 Million order was placed with
250:
CBRail pursued a model of flexible leasing, targeting both private operators and state-owned railway entities. By the end of 2008, arrangements had been implemented with operators across France, Germany, Italy, Poland, the
Netherlands, and Switzerland. The company had been organised into two
483:
CBRail, a new rolling stock leasing company created by
Babcock & Brown and the Bank of Scotland (a division of HBOS), has purchased the European arm of Porterbrook Leasing, which has lease contracts in several European countries for 28 locomotives and 67 coaches.
187:
rail leasing company, which had created it to focus on the mainland
European rail market. During December 2004, it was announced that Porterbrook had agreed terms for the acquisition of its European leasing operations by a joint venture between
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By June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction that was reportedly valued in excess of €450 million. These locomotives included
326:
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locomotives, this arrangement also included an option for a further 70 locomotives. Further purchases of rolling stock, including freight wagons, were completed to expand CBRail's portfolio.
259:, based in Luxemburg; the former handled the purchasing of new rolling stock from manufacturers, while the latter was responsible for the packaging of these longer term financing vehicles.
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was already a legally protected one, and thus unavailable for use. By the time of the rebranding, various subsidiaries had been established and were operating in various
European nations.
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Occasionally, the company would also sell portions of its rolling stock to other operators. During May 2014, it was announced that the Danish railway operator
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430:"CBRail, a new rolling stock leasing company created by Babcock & Brown and the Bank of Scotland, has purchased the European arm of Porterbrook Leasing"
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503:"Bombardier Receives $ 156 Million US Order from CBRail for 35 TRAXX Locomotives to Provide More Rolling Stock in Europe"
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200:). At the time of the purchase, the subsidiary held leasing arrangements involving 28 locomotives and 67 coaches.
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266:. Reportedly, this had not been the first choice for bring renamed; however, the more favoured name of
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had arranged to purchase 67 double-deck coaches that it had been previously leasing from
Ascendos.
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642:"Beacon Rail Leasing » BEACON RAIL ENTERS INTO AN AGREEMENT TO ACQUIRE ASCENDOS RAIL LEASING"
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to handle its
European operations; during December 2004, its purchase by a joint venture between
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What would become CBRail originated as a wholly-owned subsidiary of the
British-based
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In June 2016, it was announced that
Ascendos Rail Leasing was to be acquired by
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It was formed as a subsidiary of the
British rail leasing company
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487:, International Railway Journal, 1 January 2005, archived from
332:. globalinvestmentslimited.com. 2010. p. 6. Archived from
436:. International Railway Journal. January 2005. Archived from
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At the start of 2010, the company rebranded itself as
164:, after being unable to adopt its preferred name of
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327:"Current Asset Review: Period ended 31 March 2010"
360:"BoS and B&B acquire Abbey train leasing arm"
599:. canadianrailwayobservations.com. 1 July 2010.
377:Rail Cargo information Netherlands railcargo.nl
232:electrics, as well as both electric and diesel
88:Everest Babcock & Brown Opportunities Fund
395:"Porterbrook sells European arm to CB Rail".
236:units. The company's inventory also included
204:the multinational rolling stock manufacturer
8:
32:
401:. No. 502. 8 December 2004. p. 9.
418:. No. 109. 8 January 2005. p. 9.
132:. Its business activities were focused on
38:
31:
412:"Porterbrook sells EU fleet to CB Rail".
673:. No. 1383. June 2016. p. 96.
318:
460:"HBOS, Babcock buy Porterbrook trains"
728:Railway companies established in 2004
690:. No. 247. July 2016. p. 7.
628:"World rolling stock market May 2014"
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358:Williamson, Mark (17 November 2004),
7:
171:In June 2016, it was announced that
630:. railwaygazette.com. 11 May 2014.
25:
616:. era.europa.eu. 13 January 2010.
611:"Vehicle Keeper Marking Register"
194:Bank of Scotland Corporate Europe
157:Bank of Scotland Corporate Europe
136:, and had offices in Luxembourg,
509:. BusinessWire. 2 February 2006.
733:Rolling stock leasing companies
594:"EMCC activity during May 2010"
464:asset-finance-international.com
50:Rail transport leasing (Europe)
115:Ascendos Rail Leasing S.à r.l.
33:Ascendos Rail Leasing S.à r.l.
27:European rolling stock company
1:
684:"Ascendos sold to Beacon".
208:for 35 diesel and electric
749:
90:Global Investments Limited
206:Bombardier Transportation
37:
667:"Beacon buys Ascendos".
578:, CBRail, archived from
556:, CBRail, archived from
527:, CBRail, archived from
251:principal subsidiaries,
687:Today's Railways Europe
196:(a banking division of
507:www.thefreelibrary.com
264:Ascendos Rail Leasing
162:Ascendos Rail Leasing
723:Lloyds Banking Group
670:The Railway Magazine
470:on 13 September 2011
382:24 July 2011 at the
286:TransPennine Express
298:Mitsui Rail Capital
282:Beacon Rail Leasing
257:CBRail Leasing Sarl
238:Alstom Coradia LINT
190:Babcock & Brown
173:Beacon Rail Leasing
153:Babcock & Brown
92:BOSSAF Rail Limited
34:
491:on 6 November 2012
222:Siemens Class ER20
134:Continental Europe
582:on 20 August 2008
572:"Fleet portfolio"
560:on 20 August 2008
531:on 20 August 2008
230:Alstom Prima 3U15
128:company based in
121:, was a European
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16:(Redirected from
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706:Official website
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68:2004 (as CBRail)
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650:. Retrieved
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580:the original
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558:the original
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529:the original
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521:"Contact Us"
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442:. Retrieved
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341:. Retrieved
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303:Alpha Trains
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218:EMD Class 66
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73:Headquarters
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652:17 November
444:12 February
288:in the UK.
253:CBRail Sarl
185:Porterbrook
149:Porterbrook
117:, formerly
59:Porterbrook
55:Predecessor
717:Categories
576:cbrail.com
554:cbrail.com
550:"About Us"
525:cbrail.com
364:The Herald
314:References
179:Background
160:itself as
130:Luxembourg
77:Luxembourg
366:, Glasgow
343:17 August
228:diesels,
104:.ascendos
484:(Europe)
380:Archived
308:Railpool
292:See also
268:Eurorail
166:Eurorail
140:and the
47:Industry
415:Entrain
226:GE 311D
138:Germany
126:leasing
97:Website
65:Founded
119:CBRail
18:CBrail
614:(PDF)
597:(PDF)
337:(PDF)
330:(PDF)
210:TRAXX
83:Owner
654:2017
446:2009
345:2010
255:and
240:and
224:and
198:HBOS
192:and
155:and
106:.com
275:DSB
247:.
168:.
102:www
719::
644:.
574:,
552:,
537:^
523:,
505:.
462:,
432:.
362:,
220:,
144:.
656:.
448:.
347:.
20:)
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