5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Virgin orders 12 new Alstom trains in bid to challenge Eurostar from 2030

by
August 14, 2025
in Investing
0
Virgin orders 12 new Alstom trains in bid to challenge Eurostar from 2030

Virgin Trains has agreed a deal with French manufacturer Alstom for 12 new high-speed trains as part of its plan to compete with Eurostar on cross-Channel routes from 2030.

The company’s submission to the Office of Rail and Road (ORR) confirms it has secured binding exclusivity for the Avelia Stream model — the latest generation of the Pendolino tilting trains that Virgin introduced to the UK’s West Coast Main Line two decades ago. Similar trains are already in service in Sweden and Italy.

Virgin’s proposal outlines services from London St Pancras to Paris, Brussels, and Amsterdam, with longer-term ambitions to extend further into France, Germany, and Switzerland. The venture will be led by Phil Whittingham, former boss of Virgin Trains UK.

The company says it is the only current applicant with both funding and trains secured. The plan requires around £700 million in capital, with a structure involving a 50% Virgin stake and two undisclosed institutional shareholders. Virgin envisages separate operating and rolling stock asset-holding companies.

Competition to enter the market is mounting, with the ORR also considering applications from Trenitalia, Italy’s state-owned railway, and UK start-up Gemini.

Writing in The Times, Virgin founder Sir Richard Branson said his aim was to inject competition and improve the passenger experience:

“For too long, passengers have had no choice and even less joy. We’re not here to copy. We’re here to raise standards, spark innovation and give people a better way to travel.”

If approved, Virgin’s services would mark the first significant challenge to Eurostar’s dominance of the Channel Tunnel passenger market since it began operating in 1994.

Previous Post

Dragons’ Den star Sara Davies increases stake in Crafter’s Companion as Maven takes majority

Next Post

AI, media, creativity & ROI: Global experts join forces at Brand Masters Collab 2025

Next Post
AI, media, creativity & ROI: Global experts join forces at Brand Masters Collab 2025

AI, media, creativity & ROI: Global experts join forces at Brand Masters Collab 2025

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Traditional credit scoring is locking out UK startups, warns Swoop Funding CEO

    Traditional credit scoring is locking out UK startups, warns Swoop Funding CEO

    August 14, 2025
    GB News passes 2 billion YouTube views as subscriber growth surges

    GB News passes 2 billion YouTube views as subscriber growth surges

    August 14, 2025
    Globe teams up with Khan Academy Philippines, AI for Learning now in GlobeOne App

    Globe teams up with Khan Academy Philippines, AI for Learning now in GlobeOne App

    August 14, 2025
    Norway restarts North Sea drilling licences as UK faces calls to lift ban

    Norway restarts North Sea drilling licences as UK faces calls to lift ban

    August 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.