Sponsored Content
ÖBB: Massive Losses in Ireland
The ÖBB had to write off € 260m because of a sale and lease-back transaction.
ÖBB: Massive Losses in Ireland / Picture: © Vindobona.org
The already ailing Austrian Railways Group receives bad news from Ireland. In 2002, 160 Taurus locomotives were sold to a U.S. investor and leased back until 2029. This sale and leaseback transaction results now in a massive write off by the Austrian Federal Railways.
The background is the bad credit of Ireland, since the proceeds from the sale, which are to fund simultaneously…
or Log In
Fast News Search