Monday, 12 October 2009

Stagecoach Set To Take Over NXEA 'Within Weeks'

According to industry sources National Express is now set to leave the rail industry within a few weeks. The East Anglia (NXEA) and C2C franchises are expected to transfer to Stagecoach while the Association of Train Operating Companies (ATOC) says that the East Coast franchise will be in the hands of the Department for Transport by early December.

It had been expected that an announcement would be made by 16th October but the Spanish buyers of the National Express Group have asked for more time. The remaining uncertainties are reported to concern the Spanish coach operations of NX rather than its assets in the UK.

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