Virgin Group is reportedly ready to enter the cross-Channel rail market, telling TTG the market is "ripe for change" and that competition will benefit passengers.
Virgin Group is reported preparing to order a dozen high-speed trains to end Eurostar's monopoly on the Channel Tunnel
According to The Telegraph, Sir Richard Branson is ready to have another crack at rail after Virgin Trains lost the franchise to operate the UK’s West Coast route from London to Glasgow to Avanti West Coast in 2019.
The paper reports Virgin Group could place a £500 million order for a dozen high-speed trains by the end of Q1 2025 to get in ahead of another potential competitor in Spain’s Evolyn, a start-up with backing from the Cosmen family, the biggest investors in National Express.
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