THREE of Britain's passenger rail franchises - South Western Railway (SWR), Northern and Abellio ScotRail - are reported to be in trouble and the first two face the prospect of having their franchises replaced by a management contract or turned over to the government's Operator of Last Resort (OLR). SWR, which is a joint venture of First Group (70%) and MTR (30%), is on the brink of collapse after it reported a loss of £137m in its financial results up to March 31 2019.
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