Angel Trains is one of the three major ROSCOs (ROlling Stock COmpany) in the United Kingdom. Created in 1994 as part of the privatisation of British Rail, it owns around a third of passenger railway locomotives, multiple units and coaching stock running on Network Rails system which it leases to various train operators. Like its fellow ROSCOs (HSBC Rail & Porterbrook) Angel Trains is now owned by a major banking group, in this case Royal Bank of Scotland. The privatisation of British Rail was the result of the Railways Act 1993 introduced by John Majors Conservative government. ... A locomotive (from lat. ... A classic Belgian multiple unit of type 74 A multiple unit (MU) is a passenger train whose carriages have their own motors, either diesel (DMUs) or electric (EMUs), and do not need to be hauled by a locomotive, and can be coupled with other similar units to operate together, in... Network Rails logo Network Rail is a British not for dividend company limited by guarantee that owns the fixed assets of that part of the British railway system that formerly belonged to British Rail, the now-defunct UK state-owned rail operator. ... Due to historical differences the railway network of the United Kingdom is split into two independent systems: one on the island of Great Britain and one in Northern Ireland, which is closely linked to the railway system of the Republic of Ireland. ... Porterbrook Leasing Company is one of the three major lessors of railway locomotives, multiple units and coaching stock in the UK. It was formed in 1994 by Abbey National on the privatisation of British Rail. ... The Royal Bank of Scotland (LSE: RBS) is one of Scotlands four national clearing banks and one of the oldest in the UK, founded in Edinburgh in 1727 by Royal Charter. ...

External links

• Angel Trains website