Bombardier Lands £100m Deal

Train leasing firm Porterbrook Leasing, which is headquartered on Pride Park, has agreed to purchase 80 Class 387 Electrostar vehicles from Bondholder Bombardier in a deal understood to be worth around £100 million.

All the trains will be built in Derby and deliveries begin in October 2016 through to June 2017. Porterbrook Leasing placed the order to support the Department for Transport (DfT) in its push to increase capacity on the UK's rail network.

Porterbrook’s investment decision embraces the initiative for the Midlands Engine for Growth and supports local skills and manufacturing jobs in the region
— Porter brook Leasing

Already widely used across the country's train network, Bombardier's trains are used within TSGN, Essex Thameside, South Eastern and soon Great Western franchises.

According to Porterbrook Leasing, a number of parties have already expressed an interest in leasing the trains which the firm has ordered from Bombardier including Transport for London (TfL) and established operators and prospective bidders of upcoming franchises.

This deal is fantastic news, both for the East Midlands’ booming rail industry and for passengers, who will benefit from more British-built trains on the rail network in the future
— Patrick McLoughlin, Transport Secretary

Patrick continues: "Introducing more modern, high-quality trains is central to our commitment to give passengers better journeys and boost economic growth, with more than 3,700 extra carriages set to be introduced across the network by the end of 2019. It is great to see the industry leading the way."

The deal is a further boost for Bombardier's Derby factory, which is currently busy with the £1 billion Crossrail contract.