WatcherZero
Established Member
- Joined
- 25 Feb 2010
- Messages
- 10,272
Indeed Virgin was 'rescued' because the delays in the WCML uprgade and the eventual canning of 140mph running both broke its business model and were out of its control while not technically 'act of god' like natural disasters or the economy which the government could claim was tough luck.
Virgin offered to itself contribute to bringing the stock into service early offering to return extra revenues if Dft covered the leasing and maintence costs (they were more concerned with over crowding affecting the existing business than making money from the stock) but I believe the Dfts reticense wasnt so much it was a bad deal but that they didnt want to be increasing spending at a time of cuts. Fundamentally no matter how good a deal they wernt prepared to actually increase subsidy payments.
Virgin offered to itself contribute to bringing the stock into service early offering to return extra revenues if Dft covered the leasing and maintence costs (they were more concerned with over crowding affecting the existing business than making money from the stock) but I believe the Dfts reticense wasnt so much it was a bad deal but that they didnt want to be increasing spending at a time of cuts. Fundamentally no matter how good a deal they wernt prepared to actually increase subsidy payments.