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Article: Passenger services on the upturn: German Rail's (DB) passenger subsidiaries are anticipating an upturn in fortunes at exactly at the right moment, with the federal government contemplating a full stock market flotation of DB in 2005.(Germany)
- Article from:
- International Railway Journal
- Article date:
- March 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROSPECTS for privatisation of DB next year are increasing as a result of the steadily improving performance of its subsidiaries, particularly the two passenger divisions, DB Travel & Tourism and DB Regio, which expect to produce traffic and revenue figures this year which should offer encouragement to supporters of the planned railway flotation.
Both subsidiaries have suffered setbacks in recent time--some of it self-in-flicted through measures such as the imposition of a controversial fares structure in 2002 which has since been replaced--and also due to changes in the market place such as the influx of robust private competition which has seen DB Regio's share ...