Can read more about it here: http://www.bbc.co.uk/news/business-19264614#TWEET195384Virgin Rail has lost its bid to continue running the West Coast Mainline and will be replaced by the UK's largest rail operator, FirstGroup.
FirstGroup said it would "offer substantial improvements in the quality and frequency of services".
Sir Richard Branson said Virgin's loss of the franchise was "very disappointing news".
Unions and rail campaigners have argued jobs will be cut, fares will rise and catering services will be cut back.
FirstGroup already operates a number of rail routes including Great Western and ScotRail.
The company, under the name First West Coast Limited, will take over the franchise from 9 December and is due to to operate the service until 2026.
'Bitterly disappointed'
Sir Richard Branson's Virgin Rail has operated the West Coast franchise since 1997 after the privatisation of Britain's railways.
"We did not want to risk letting everybody down with almost certain bankruptcy at some time during the franchise, as happened to GNER and National Express who overbid on the East Coast mainline," said Sir Richard in a statement.
"Sadly the government has chosen to take that risk with FirstGroup and we only hope they will continue to drive dramatic improvements on this line for years to come without letting everybody down," he added.
Sir Brian Souter, the chief executive of Virgin's franchise partner Stagecoach, said: "I am bitterly disappointed that Virgin Rail has been unsuccessful in its bid.
"After 15 years, it is difficult to imagine a West Coast rail service without the Virgin brand."
He said the group would now look at whether to bid on other rail franchises coming up for renewal.
Can also read Virgin's press statement here: http://www.virgin.com/richard-branso...-virgin-trains
Bit of a shame really - I wonder how good First will do at having the franchise, if they are like the buses then good luck to the passengers!








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