Industry Rail transport Website www.engenco.com.au Founded June 2008 | Services Rolling stock leasing Headquarters Perth Parent organization Engenco | |
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Net income 4.3 million USD (June 2015) | ||
The c s on the north east tour with srhc s c501 and greentrains c510 21 11 15
Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial.
Contents
- The c s on the north east tour with srhc s c501 and greentrains c510 21 11 15
- Ballast train with cootes greentrains rl302 8037 australian trains railroads
- References
In 2008 Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distressed Allco Finance Group that were being leased by Coote subsidiaries South Spur Rail Services and Southern & Silverton Rail. After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton.
However Greentrains ran into trouble raising funds to complete the deal and by June 2010 Coote Industrial had converted its debt to equity giving it an 81% shareholding.
As at January 2013 Greentrains owned 38 locomotives and 39 wagons. In April 2016, the majority of the locomotives were sold to Southern Shorthaul Railroad.