National Express Group PLC
04 April 2007
4th April 2007
National Express Group PLC ('the Group')
Gatwick Express
National Express Group PLC ('the Group') notes today's announcement from the
Department for Transport ('DfT') concerning the Gatwick Express train franchise.
The Group will now begin the process of transferring the franchise to Southern,
a process which will be completed by May 2008.
Group Chief Executive Richard Bowker said 'Our employees are to be congratulated
for the outstanding performance of this business in terms of both reliability
and customer satisfaction. They deliver an outstanding service despite the very
challenging commercial terms of the franchise itself.
'We will always stand by our commitments even when the immediate commercial
advantage is not obvious. We will continue to maintain this level of
professionalism for our customers on Gatwick Express until our obligations
expire in May 2008. We will work with the DfT to ensure a smooth transition of
the franchise over the coming months.'
- ENDS -
For further information, please contact:
Nicola Marsden/Georgina Parkes
National Express Group PLC 020 7529 2000
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.