No Result
View All Result
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
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
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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.

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

Previous Post

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

Next Post

Housing market slows as buyers await autumn budget tax decisions

Next Post
Housing market slows as buyers await autumn budget tax decisions

Housing market slows as buyers await autumn budget tax decisions

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Free Markets Promote Peaceful Cooperation and Racial Harmony

    March 15, 2025

    Free Football Fridays Kick Off with Support from CMD Recruitment

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    The Consequences of California’s New Minimum Wage Law

    0

    Memorial Day

    0

    Free Football Fridays Kick Off with Support from CMD Recruitment

    August 14, 2025

    Evlo and Moneyline Unite to Support Non-Prime Borrowers with Vital Financial Services

    August 14, 2025

    New Update from Articy Software Enhances Workflow for Narrative Design with articy:draft X

    August 14, 2025

    SocialBox.Biz Drives a Greener Capital: London Businesses Embrace Sustainable Tech Reuse for Social Impact

    August 14, 2025

    Recent News

    Free Football Fridays Kick Off with Support from CMD Recruitment

    August 14, 2025

    Evlo and Moneyline Unite to Support Non-Prime Borrowers with Vital Financial Services

    August 14, 2025

    New Update from Articy Software Enhances Workflow for Narrative Design with articy:draft X

    August 14, 2025

    SocialBox.Biz Drives a Greener Capital: London Businesses Embrace Sustainable Tech Reuse for Social Impact

    August 14, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved