NX and Greenline - Luton

[the trainbasher]

Greenline is to start back in Luton Airport after an apparent court case which affects NX. Will post judgment etc later

[winston]

No wonder Arriva were so keen to contest the awarding of the 7 year concession to NX. The 755 & 757 Greenline routes turned over £7.455 Million & made a profit of £3.409 Million a 46% profit margin. That profit accounted for 32% of the entire profits earned at Arriva The Shires

The exclusive 7 year concession NX won on tender is now effectively worthless, apparently NX had agreed to pay £1.4 million in year one & £2.1 million by the final year. No doubt these premium payments to Luton Airport will now be re-negotiated.

I understand from a post elsewhere that Arriva are also ordering/have ordered a new fleet of coaches as well