BEACON RAIL LEASING ACQUIRES DIESEL LOCOMOTIVE FLEET FROM COLAS RAIL

LONDON /PARIS/ LUXEMBOURG – 20 December 2018 – Beacon Rail Leasing, a leading Pan-European rolling stock lessor, is pleased to announce that it has acquired a fleet of diesel locomotives from Colas Rail. The fleet is comprised of 67 locomotives which will continue to be operated by Colas Rail in the UK and France.

 

“Acquiring this portfolio of diesel locomotives is in line with our strategy, growth ambitions, and our continued commitment to being the leader in this segment of the market“, said Ted Gaffney, CEO of Beacon Rail Leasing. “It adds to our existing fleet of heavy diesel locomotives, so this acquisition allows us to continue to leverage our existing skills, expertise, and experience. We are also very pleased to add Colas Rail as a customer and we are looking forward to strengthening and growing our relationship with Colas Rail in the future.”

 


About Beacon Rail Leasing
Beacon Rail Leasing is a rolling stock leasing company headquartered in Luxembourg and focused on serving the European and UK markets. Beacon Rail Leasing’s current portfolio includes 337 locomotives, over 1000 freight wagons, and 550 passenger train vehicles and intercity coaches on lease across Europe. Beacon Rail Leasing has an industry leading management team with rail asset management expertise and capital markets experience, enabling it to effectively meet the equipment needs of its Pan-European customer base. Please visit www.beaconrail.com for more information.

Press contacts:
Beacon Rail Leasing
Ted Gaffney, Chief Executive Officer
+1 617 345 1650
tgaffney@beaconrail.com