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One point not touched on is that it is not GNER alone that has brought sea containers into chapter 11 they have a much larger business than that unfortunately all of their businesses are not performing well and they cannot pay off a bond due for redemption hence the chapter 11 protection

GNER does make money but not as much as it has in the past so I would imagine that either a renegotiation of their franchise or a sale of their business is more likely
 
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