Fortress Investment Group’s major business move with Richard Branson’s Virgin Group has gained much attention this month. Fortress’s Brightline train will now be called Virgin Trains USA, marking the start of something great for the company. This sound alliance will bring reliable transportation to many residents of Florida and throughout other regions of the country.
Fortress Investment Group will retain the majority of the investment and grant Virgin Group the remainder. This partnership is very beneficial for Fortress and displays sound business skills. Brightline will be officially called Virgin Trains USA on its launch date scheduled in 2019. The name change is appealing to customers who are excited for a chance to see the brand new changes. Read more on bizjournals.com
Brightline has grown to be very popular in Florida with connections to Fort Lauderdale,West Palm Beach, and Miami. Fortress Investment Group plans to extend Brightline’s connections in order to service passengers throughout the Tampa and Orlando, Florida area as well. Fortress is also establishing a high speed rail line which will service customers from Southern California, all the way to Las Vegas.
Virgin Group owns different businesses such as Voyages, Atlantic, and Hotels which customers can also experience thanks to this partnership. There is more great news for Fortress Investment Group as they were granted over 1.7 billion in tax exempt bonds for rail line expansion in Orlando, Florida. This new business merger will allow hundreds of passengers to experience more dependable transportation than ever before.
Fortress Investment Group has definitely made a great decision partnering with Richard Branson’s Virgin Group. Virgin Group has about 20 years worth of experience with running intercity passenger rail systems, and could certainly lend their knowledge to the partnership. Those who want to learn more about these new plans for Brightline are encouraged to contact Fortress’s informative website.