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Novotrans Increases Share of Own Wagons in Total Fleet

Logistic News - Published on Mon, 10 Aug 2020

Image Source: Novotrans
On July 31, the Novotrans Group of Companies bought out 3510 freight cars from the leasing portfolio. Thus, the holding increased the share of its own wagons in the total fleet to 65.4%. As a result of the transaction with LLC FinanceBusinessGroup, Novotrans increased the share of its own rolling stock in the total fleet of the holding by 13.9%. Currently, out of 25,136 gondola cars, 16430 are owned by JSC HC Novotrans, 8191 cars are on lease, the remaining 515 cars are on lease.

In December last year, Novotrans bought out 6275 gondola cars from banking institutions. In February of the current holding, the holding registered the ownership of 1113 units of rolling stock, and in June it bought out another 2545 cars from LLC Alfa-Leasing and LLC Intergroup. The transactions were completed, among other things, thanks to the successful placement in early December 2019 of the holding's debut bond issue in the amount of RUB 6 billion. on the Moscow Exchange, as well as a consistent strategy to build up its own car fleet.

The average age of the fleet of the Novotrans Group of Companies is about 10 years. Service and maintenance of all cars is carried out at our own car repair plants "Novotrans" in the Altai Territory, Kemerovo, Moscow and Irkutsk regions.

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Posted By : Yogender Pancholi on Mon, 10 Aug 2020
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