Industry | Rail transport |
---|---|
Founded | June 2008 |
Headquarters |
Perth Western Australia , Australia |
Services | Rolling stock leasing |
$6.8m (June 2015) | |
$4.3m (June 2015) | |
Parent | Engenco ( ASX: EGN) 81% |
Website | www.engenco.com.au |
Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial. [1]
In 2008, Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distressed Allco Finance Group that were being leased by Coote subsidiaries South Spur Rail Services and Southern & Silverton Rail. [2] [3] After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton. [4]
However, Greentrains ran into trouble raising funds to complete the deal and by June 2010, Coote Industrial had converted its debt to equity giving it an 81% shareholding. [5] [6]
As of January 2013, Greentrains owned 38 locomotives and 39 wagons. [3] In April 2016, the majority of the locomotives were sold to Southern Shorthaul Railroad. [7] [8]
Locomotive | Status |
---|---|
48s37 | Striped for parts Parkes |
T383 | Stored |
Industry | Rail transport |
---|---|
Founded | June 2008 |
Headquarters |
Perth Western Australia , Australia |
Services | Rolling stock leasing |
$6.8m (June 2015) | |
$4.3m (June 2015) | |
Parent | Engenco ( ASX: EGN) 81% |
Website | www.engenco.com.au |
Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial. [1]
In 2008, Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distressed Allco Finance Group that were being leased by Coote subsidiaries South Spur Rail Services and Southern & Silverton Rail. [2] [3] After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton. [4]
However, Greentrains ran into trouble raising funds to complete the deal and by June 2010, Coote Industrial had converted its debt to equity giving it an 81% shareholding. [5] [6]
As of January 2013, Greentrains owned 38 locomotives and 39 wagons. [3] In April 2016, the majority of the locomotives were sold to Southern Shorthaul Railroad. [7] [8]
Locomotive | Status |
---|---|
48s37 | Striped for parts Parkes |
T383 | Stored |