RAIL Magazine issue 1071 page 13. Article about Varamis Rail starting up again and getting the correct paperwork to start operations again using their 321 fleet. Interesting it mentions that the majority of their fleet including 321s and 325s will be scrapped and only keeping a handful of units.
Shambolic to run a £7-figure fundraising specifically to acquire 325s, not run them (or anything else) for a year and then scrap the lot. That's not being sentimental about 325s, that's just baffling management.
But I think with Robin Gisby coming on board (in every sense) earlier this year and now seemingly thoroughly in charge, they're in good hands, but is the market even there?
I'm interested in how much of their debt to Network Rail has been paid off or written off, it was a massive pile.