Virgin Group and Brightline are planning on forming an alliance in order to continue to grow the first privately funded intercity passenger train in America in over 100 years. Brightline operates the passenger rail service in Fort Lauderdale and West Palm as well as in Florida between Miami.
An affiliate of Fortress Investment Group will manage funds to retrain the majority of the ownership or Brightline. The management team of Brightline will oversee daily operations, business development, strategy, and engineering. Brightline will also become known as Virgin Trains USA.
Fortress Investment Group is a leading and highly diversified investment manager with billions of assets under their management team. Fortress Investment Group was funded in 1998, and they manage the assets on behalf of over 1,750 clients. Fortress Investment Group has clients worldwide, and they strive to deliver.
Brightline is a major private passenger railroad, and they recently announced their partnership and trademark licensing agreement with Virgin Group. Virgin Group is one of the most well-known brands in hospitality and travel. The partnership is a move in the right direction for all involved. Read more on bizjournals.com
Brightline is planning to expand to Tampa and Orlando and is pending the closing of the recently announced XpressWest acquisition and receipt of federal approvals. Construction is expected to begin next year to connect Southern California to Las Vegas.
Virgin Group has over 60 companies that are focused on its sectors of leisure and travel, music and media, telecoms, entertainment, health and wellness, and financial services. Tens of millions of Americans use railways to travel every day and founder of Virgin, Sir Richard Branson, wants to make that an experience that they look forward to and enjoy. The partnership will validate the accomplishment of the team as well as challenge more conventional concepts while reinventing travel in America.