| Greentrains | |
| Foundation: | June 2008 |
| Location City: | Perth Western Australia |
| Location Country: | Australia |
| Industry: | Rail transport |
| Services: | Rolling stock leasing |
| Operating Income: | $6.8m (June 2015) |
| Net Income: | $4.3m (June 2015) |
| Parent: | Engenco 81% |
| Homepage: | www.engenco.com.au |
Greentrains was a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial.[1]
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.[2] [3] After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton.[4]
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.[5] [6]
As of January 2013, Greentrains owned 38 locomotives and 39 wagons.[3] In April 2016, the majority of the locomotives were sold to Southern Shorthaul Railroad.[7] [8] Greetrains then ceased rail leasing.
| Locomotive | Status |
|---|---|
| Striped for parts Parkes | |
| Stored | |