Class 379 updates (all are OFF LEASE)

[43096]

Agree with that but what i was trying to say was they can now ascribe what value they want to each asset and most important factor is they don't have the higher interest cost on loans that Macquarie was saddled with.

It will depend on the terms of the original loan and what Akiem have done with it (paid it off? left it to run? is the interest rate fixed or not?). We have no way of knowing what the current position is.

 

[hwl]

It will depend on the terms of the original loan and what Akiem have done with it (paid it off? left it to run? is the interest rate fixed or not?). We have no way of knowing what the current position is.

They will have refinanced when they bought the assets from the "Vampire Kangaroo" as they are sometime known.

 

[Class 170101]

West Anglia yes, but not West Anglia Main Line. This whole WAML thing has come from I don’t know where, but it grates because it is a route and not a mainline.

Will be a BR and NR thing rather than TOC thing.

 

[43102EMR]

Does anyone know where the 379s are being stored - is it at Ilford or somewhere else?

 

[jopsuk]

as far as I know they're still in service? This thread is a theoretical one, although the departure is fairly imminent.

 

[Class 466]

Today there are 7 379 pairs out - leaving 16 units spare. Big increase in the number of 720s out on Cambridge services with 5 out of 7 circuits covered.

As for 321s there’s 3x 12 cars out on LST - IPS, and the one each on the Braintree,Walton and Harwich Town Shuttles.

Southends,Clactons, Colchester Town and Southminster are all 720s.

 

[43102EMR]

as far as I know they're still in service? This thread is a theoretical one, although the departure is fairly imminent.

It was tweeted by Clinnick that the first ones are now being withdrawn this month, hence the creation of this thread.

 

[dk1]

as far as I know they're still in service? This thread is a theoretical one, although the departure is fairly imminent.

Yes, I spoke to several WA drivers yesterday & none of them where aware of anything.

 

[John Jarman]

I work at Hornsey and I hope the class 379s are transferred across because they are an exciting prospect to work on.

 

[D365]

I work at Hornsey and I hope the class 379s are transferred across because they are an exciting prospect to work on.

Are they much different to a 387, operationally?

 

[adrock1976]

Regarding the leasing company Macquarie, were they a subsidary of National Express or totally separate from each other?

 

[Doctor Fegg]

West Anglia yes, but not West Anglia Main Line. This whole WAML thing has come from I don’t know where

From Wikipedia, I strongly suspect.

 

[jopsuk]

Regarding the leasing company Macquarie, were they a subsidary of National Express or totally separate from each other?

completely separate, an Australian investment banking group

 

[adrock1976]

completely separate, an Australian investment banking group

Many thanks.

 

[Mollman]

Regarding the leasing company Macquarie, were they a subsidary of National Express or totally separate from each other?

They did buy Stagecoach's London operation in around 2006, only to sell it back to Stagecoach in 2010 at a loss if I remember rightly.

 

[TT-ONR-NRN]

A reliable source on here who regularly provides invaluable information on GTR has claimed only 001-026 would transfer to GN.

 

[Railperf]

Looks like at least 3 Cambridge diagrams are pairs of 379s today and at least two pairs on Meridian Water shuttles. Looks like at least two Stratford to Hertford East diagrams are 317s though not sure of any 379s on that route today. Looks like 720547 on 5G62 at cheshunt with Stansted Airport on the destination indicator.

 

[YSTrains]

Would there be some sort of special Farewell?

 

[TT-ONR-NRN]

Looks like at least 3 Cambridge diagrams are pairs of 379s today and at least two pairs on Meridian Water shuttles. Looks like at least two Stratford to Hertford East diagrams are 317s though not sure of any 379s on that route today.

Don’t they interwork with Meridians

 

[D365]

Would there be some sort of special Farewell?

Highly doubt it. The 360s didn’t get any kind of fanfare, nor did any of the departing diesels.

 

[cambsy]

YSTrains, the 379’s, are a sub class of the Electrostar family of units, and very similar units, run out of Kings Cross, and all over Southern England, so until all, Electrostars are retired, there would‘nt in my opinion, be any point in running farewell specials, and i would imagine, they will find a home, and useage, somewhere else.

 

[ashkeba]

Highly doubt it. The 360s didn’t get any kind of fanfare, nor did any of the departing diesels.

360s are still in service on EMR?

 

[TT-ONR-NRN]

360s are still in service on EMR?

Yes, and according to most on this forum, 379s are **supposedly** staying in service with GN.

 

[Astro_Orbiter]

Don’t they interwork with Meridians

not cambridges no, usually the Bishops Stortford - Stratford trains do a round to meridian water before returning to Bishops Stortford, but during this sunday "style" timetable, the meridian shuttles are just two pairs of 379's going up and down all day between them.

 

[Railperf]

Don’t they interwork with Meridians

No. Looks like the Meridian Water service is two pairs of trains shuttling up and down. The Stratford to Hertford East is also self contained - predominantly 317s. The ideal scenario for passengers would have been for the meridian water service to interwork with Hertford East. But no instead we have a crazy time table where both the Hertord East and Meridian Water service leave for Stratford within 1 min of each other ..leaving an almost half an hour wait for the next pair. From Stratford it is a 6 min gap..then 24 mins!

 

[Alfie1014]

Reported elsewhere 379002/011 ran from Ilford to Parkeston (presumably for storage) today.

 

[43102EMR]

Reported elsewhere 379002/011 ran from Ilford to Parkeston (presumably for storage) today.

From the sounds of things, this is a similar situation to the 317s as according to Clinnick, GA still have them on lease - temporarily stored at Harwich until needed

 

[Railperf]

From the sounds of things, this is a similar situation to the 317s as according to Clinnick, GA still have them on lease - temporarily stored at Harwich until needed

If they are still in lease ..wby not use them in pax service and place 317s in warm store instead?

 

[TT-ONR-NRN]

If they are still in lease ..wby not use them in pax service and place 317s in warm store instead?

Lease expenses.

 

[TT-ONR-NRN]

Lease expenses.

By this I mean while they’re still on lease right now, they’ll want to wind their use down so that they can then send them off lease before the 317s.