Branson: ‘The last two times the UK government turned a Virgin bid down the companies they accepted both went bust.’ — Reuters
LONDON: British billionaire Richard Branson attacked as “insanity” a decision to award a key mainline train service to a rival to his Virgin Trains, drawing a parallel with other losing Virgin rail bids which he said had ended in the winners going bust.
Britain's Department for Transport (DfT) said yesterday that FirstGroup Plc had won the 13-year franchise for the West Coast line, which runs from London to Scotland, with a bid of around £6bil (US$9.4bil).
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