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Railhub Archive
2009-01-14 BTM-001
Bank of Tokyo-Mitsubishi UFJ BTMU Capital Corporation0
BTMU Capital Corporation Announces Launch of UK based Rolling Stock Lessor BEACON RAIL LEASING LIMITED and adds new Locomotives to its Portfolio
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   BTMU Capital Corporation Announces Launch of UK based Rolling Stock Lessor BEACON RAIL LEASING LIMITED and adds new Locomotives to its Portfolio
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 type Press release
LONDON, 14th January 2009 – BTMU Capital Corporation (BTMUCC) announced today that it has established Beacon Rail Leasing Limited (Beacon Rail), a wholly-owned subsidiary, to be its business entity for freight rolling stock leasing in the European market. Beacon Rail is a UK company headquartered in London and with an additional office in Rotterdam. The Beacon Rail team consists of five industry professionals (four in London and one in Rotterdam), and the existing portfolio currently includes 27 locomotives and 50 freight cars on lease to lessees in the UK and Belgium.
In addition, Beacon Rail has ordered six new e4000 diesel electric locomotives from Vossloh Espana, S.A.U. for a lease to CargoNet AS in Norway. These locomotives will be delivered in mid-2010.
The new additions will bring the Beacon Rail locomotive portfolio to 33.
Theodore J Gaffney, Executive Vice President of BTMUCC, commented “The establishment of Beacon Rail allows us to better execute our strategic plan of growing our asset base and deploying capital profitably in Europe in one of our core asset classes. We are very happy with our team and are enthusiastic about our ability to establish long term relationships and meet the needs of the European rail leasing market.”
Neil Bennett, Managing Director of Leasing & Origination for Beacon Rail, added “The creation of Beacon Rail is an excellent demonstration to our customers and suppliers that BTMUCC is committed to expanding its activities in the UK/European freight locomotive and wagon leasing market. The Vossloh/CargoNet transaction is further testament to our strategy of increasing our portfolio and growing our market share.”
For additional information please contact:
Neil Bennett
Managing Director of Leasing & Origination
Beacon Rail Leasing Limited
rail@beaconrail.com
Heather Cline
Marketing Communications Coordinator
BTMU Capital Corporation
hcline@btmucapital.com
Railhub Archive ::: 2009-01-14 BTM-001
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