BEACON RAIL LEASING ACQUIRES DIESEL LOCOMOTIVE FLEET FROM COLAS RAIL

LONDON /PARIS/ LUXEMBOURG – 20 December 2018 – Beacon Rail Leasing, a leading Pan-European rolling stock lessor, is pleased to announce that it has acquired a fleet of diesel locomotives from Colas Rail. The fleet is comprised of 67 locomotives which will continue to be operated by Colas Rail in the UK and France.

“Acquiring this portfolio of diesel locomotives is in line with our strategy, growth ambitions, and our continued commitment to being the leader in this segment of the market“, said Ted Gaffney, CEO of Beacon Rail Leasing. “It adds to our existing fleet of heavy diesel locomotives, so this acquisition allows us to continue to leverage our existing skills, expertise, and experience. We are also very pleased to add Colas Rail as a customer and we are looking forward to strengthening and growing our relationship with Colas Rail in the future.”