BA787 From United Kingdom, joined Jun 2006, 2596 posts, RR: 7 Posted (7 years 11 months 1 day 12 hours ago) and read 1618 times:
Not a huge fan of trains but I heard a couple of days ago that they are close to being liquidized which shocked me greatly as GNER is a great company that offers a great alternative to cars (dare I say it air).
Anyhone heard the latest, also as I was travelling home on Wednesday, GNER cancelled a service between Leeds and Kings Cross as I was boarding my train
SQNo1 From United Kingdom, joined Sep 2004, 687 posts, RR: 1
Reply 3, posted (7 years 11 months 1 day 9 hours ago) and read 1566 times:
Quoting BA787 (Thread starter): Not a huge fan of trains but I heard a couple of days ago that they are close to being liquidized
Don't normally like to correct people's English, but the word you were looking for was "liquidated"!
Anyways back to this topic. The company who owns GNER, Sea Containers has debts of around of £350m. Sea Containers recently went to the high court over the decision to allow Grand Central railways to operate services between King's Cross and Sunderland.
However Sea Containers lost the court case which means a three times a day service will start from mid december and it is a definite that Grand Central will undercut GNER's fares between York and King's Cross.
Sea Containers generally now has two options. Either it can sell the business at a loss, because GNER is not making as much money as required in the franchise aggrement they made with the Office of Rail Regulation last year, one major reason for this was the terrorist attacks in London last year.
Or Sea Containers can keep the business but turn the train company can turn into a sort of no-frills service, cutting jobs and greatly reducing the number of services that will have a full restaurant service.
That's about it. But what we all do know is that one of Britain's best train operating comapnies is going to change, for better or worse we shall see in the future.
Planesarecool From United Kingdom, joined Nov 2001, 4119 posts, RR: 11
Reply 7, posted (7 years 11 months 1 day 7 hours ago) and read 1538 times:
Not a fan of GNER, they don't give you free food or drink in first class. Even Southern offer complimentary tea and coffee on some morning services in first. Though i don't pay anything like full fare, so i suppose i can't complain.
I'm sure First Group would be happy to take over the GNER franchise, they seem to have taken over everywhere else (Thameslink, WAGN, Scotrail, Thames Trains etc)
That is about the only company who I would be glad to see takeover, If Virgin took over I would be furious.
Such a shame, whcih idiot ruled that there could be a competiton on the route, especially when the government recieves so much money from GNER. Grand Central isn't what I expect to see in York station when I travel to Pitlochry. It's Red and Blue all the way.
Also, I didn't know Eurostar was owned partly by BA
Maybe BA could expand its subsidiaries and buy the remains of GNER as it already has close dealings with them thanks to Eurostar (GNER uses Eurostars every so often for their routes)
I'd like that, the best in the air and on the line
Its well known that EuroTunnel are in financial hiccups at the moment.
Recently on BBC radio news, I heard that the company that runs Eurostar may have to sell off/liquidate the service due to mounting losses.
Probably due to the extremely high price compared to air travel and very questionable time saving.