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In November 2018, it was announced that Virgin Group would become a minority investor in the railroad and would provide rights to rebrand the service as Virgin Trains USA. [25] However, in August 2020, railroad managers announced that Virgin had not provided the agreed investment money and the company would be ending its branding deal ...
Virgin Trains USA logo In November 2018, it was announced that Virgin Group had concluded a deal with Brightline to rebrand as Virgin Trains USA. [ 17 ] However, in August 2020 Brightline sought to terminate the deal, claiming that the Virgin Trains brand was no longer of value after the loss of its InterCity West Coast franchise. [ 18 ]
NEW YORK-(BUSINESS WIRE)-Virgin Trains USA LLC (NASDAQ: VTUS) ("Virgin Trains" or the "Company") announced today an initial public offering of 28,334,000 shares of common stock (the "shares ...
Virgin Trains (VT) (legal name West Coast Trains Limited) [1] was a train operating company in the United Kingdom owned by Virgin Rail Group, a joint venture between Virgin Group and Stagecoach, which operated the InterCity West Coast franchise from 9 March 1997 to 7 December 2019.
Judge Mark Pelling ruled in favor of Virgin Enterprises, which had sued Florida passenger train operator Brightline Holdings for breaching an agreement to rebrand as Virgin Trains USA. Brightline ...
Brightline Holdings pulled out of a deal after saying the ‘Virgin brand’ had stopped being a ‘brand of international high repute’, a judge heard. Virgin firm wins High Court fight with ...
In 1998, Virgin Rail, as part of the Capital Rail consortium, was shortlisted for an Australian high-speed rail service from Sydney to Canberra. [54] During November 2018, it was announced that Virgin Group would become a minority investor in the American company Brightline and would provide rights to rebrand the service as Virgin Trains USA.
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