History of Virgin

Virgin Trains was born on 29th of November 1996 when it was awarded the Cross Country franchise following the privatisation of British Rail, the franchise will last until April 2012. Along with the Cross Country line, Virgin also won the West Coast franchise and took control on the 9th of March 1997, this franchise will end in March 2012. The West Coast line was the last but one of the franchises to be handed over to the private sector, all of which had been completed in less than three-and-a-half years after the Railways Act had been passed.

Virgin Trains' own definition of the company is on its website, www.virgintrains.co.uk. They describe the company as ‘A truly national network, Virgin Trains covers vast areas of Britain.'

Structure of the Company

Virgin Trains is owned and run by Virgin Management and Stagecoach Plc. The Virgin Management team are the majority shareholders and own 51% of the company as opposed to Stagecoach which owns 49%.......

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Title: Virgin Trains Swot
Approximate Word Count: 1365
Approximate Pages: 6 (250 words per double-spaced page)

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