Beacon Rail Leasing invests in Hitachi high speed intercity trains

On March 20 Beacon Rail Leasing finalised an order for five Hitachi AT300 electric trainsets which are leased to First Group subsidiary East Coast Trains Ltd who has secured a 10 year track access agreement for services between London and Edinburgh due to start in autumn 2021.

The contract for the five, 200kph, five coach trainsets, including a 10 year maintenance agreement with Hitachi has a deal value in the region of £100m and are configured with a single class of accommodation with on board catering, at seat power sockets and free WiFi.

Keith Howard CEO of Beacon Rail Leasing commented; “We are delighted to be working with both First Group and Hitachi on this project. These are the first new electric intercity trainsets acquired by Beacon and demonstrates our ability to operate across all sections of the rail industry both in the UK and continental Europe”.

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
Keith Howard, Chief Executive Officer
www.beaconrail.com