Search found 49 matches

by Bonevalleyrailfan
Mon Jun 24, 2019 6:55 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail (Brightline) IPO, Bonds, Success, Branding
Replies: 86
Views: 16962

Re: Virgin Rail/ Brightline IPO, Bonds, Success

gokeefe, the bonds have not and will never be backed by any government entity. The FDFC (FL Development Finance Corp) is the state agency used to issue the bonds as required by federal law. Its primary role is to ensure the bonds to be issued are of sufficient quality that the investors have a reaso...
by Bonevalleyrailfan
Mon Jun 24, 2019 5:40 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail (Brightline) IPO, Bonds, Success, Branding
Replies: 86
Views: 16962

Re: Virgin Rail/ Brightline IPO, Bonds, Success

Also, the Miami Herald opinion piece mentioned in an earlier post is written by a noted Florida writer who happens to live in Vero Beach. That is in the heart of the staunchest opposition to Brightline/Virgin. This is his 3rd story I know of where he slams Brightline in the past 5 years. It is obvio...
by Bonevalleyrailfan
Mon Jun 24, 2019 5:20 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail (Brightline) IPO, Bonds, Success, Branding
Replies: 86
Views: 16962

Re: Virgin Rail/ Brightline IPO, Bonds, Success

Mr. Norman, am curious what your thoughts are about Moody's rating the latest PAB bonds at Aaa/VMIG 1, which is a superior rating for municipal bonds. Seems like the 1.9% coupon is a big improvement over the earlier 2019A series bonds that had an average 6.4% coupon. https://emma.msrb.org/ES1277493-...
by Bonevalleyrailfan
Tue Apr 30, 2019 5:18 pm
Forum: Amtrak
Topic: Fred Frailey Column- "It's Time"
Replies: 122
Views: 7265

Re: Fred Frailey Column- "It's Time"

Virgin Trains America fka Brightline is an unfair comparison because it receives a massive dose of government subsidy too: use of public rights-of-way, redevelopment grants, favorable SEC rulings, local road maintenance, tourism boards doing Sir Branson’s work, and the publicly-funded passenger ter...
by Bonevalleyrailfan
Mon Apr 08, 2019 9:05 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

Well, I am not sure if I agree completely with your point of view specifically or if my thoughts happen to align with it. I still want to believe that FECI/Fortress and the investors think that this project will be an ongoing profitable business not requiring a bail out by Tally in the future. My th...
by Bonevalleyrailfan
Mon Apr 08, 2019 7:53 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

With regard to Branson. Where to start? The media reporting and fan boy commenting over the past week has deified Branson as the savior of Brightline. Branson is being idolized at this point. In my opinion, he is a showman who has a checkered past with his history of companies. Sure, he has name rec...
by Bonevalleyrailfan
Mon Apr 08, 2019 12:57 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

At one time some years ago, Branson had one of his Virgin Record stores in the old Downtown Disney complex. That was also back when Disney had danceclubs and nightclubs there open until 2am located in an entertainment district built on an island (I wish I could remember the name of the island distri...
by Bonevalleyrailfan
Tue Feb 19, 2019 10:06 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

The 3 year ramp up period and revenue projections were in the 2015 EIS documents and certain lease documents associated with the GOAA (MCO) ITF station and Beachline ROW back in 2013. That was before the phase 2 segment was delayed and represented AAF's original schedule. The opposition from the Tre...
by Bonevalleyrailfan
Tue Feb 19, 2019 8:52 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

Let me throw this out there: Brightline today reaffirmed that they are on track to go forward with their expansion plans using a combination of debt and equity financing. https://www.wptv.com/news/state/despite-losses-virgins-trains-usa-brightline-says-its-full-speed-ahead This may come as a surpris...
by Bonevalleyrailfan
Fri Dec 28, 2018 4:30 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

Q3 Financial report is out. $2.9M revenue and 159k riders.
by Bonevalleyrailfan
Thu Dec 27, 2018 9:41 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

Brightline is indeed a brand name. The company that operates the train service now, Brightline Holdings LLC, was at one time called All Aboard Florida - Operations LLC and All Aboard Florida - Stations LLC. Back in 2015 they announced the service would be called (or branded) Brightline. For over two...
by Bonevalleyrailfan
Mon Dec 24, 2018 3:31 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

I posted this elsewhere as well: More news about airlines (probably mostly international) interested in adding flights into MCO because of Brightline having a station at the airport. I know many people disagreed with the decision to have the main Orlando station at the airport. With this news, it m...
by Bonevalleyrailfan
Mon Dec 24, 2018 2:49 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

As I posted on another forum today, I happened to find a document online today that spells out the amount of money Virgin is investing in Brightline: $30-50 million. If this reflects the 3% figure that was reported previously, then Brightline appears to be valued at anywhere from $1-1.7Billion. I a...
by Bonevalleyrailfan
Tue Dec 04, 2018 8:24 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC
Replies: 1742
Views: 323139

Re: Virgin Rail née Brightline/AAF Orlando - Miami FL FEC

As I posted on another forum, November ridership numbers are out today:

80,660 riders and $1.5M in revenue for November 2018. 
by Bonevalleyrailfan
Wed Nov 28, 2018 7:49 pm
Forum: Virgin Trains Worldwide (includes Brightline)
Topic: Virgin/Brightline Expansion - Tampa
Replies: 17
Views: 5051

Re: Brightline Expansion - Tampa

The Brightline lease proposal to FDOT/CFXis out now. Lots of interesting stuff. High points: Meadow Woods Sunrail station will get a transfer platform so that Brightline riders can take Sunrail to access much more of Orlando. Also, Sunrail riders can get to the airport (or Tampa or Miami for that ma...

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