The Stagecoach-dominated firm will be replaced by a public sector "operator of last resort" which will revive the historic name London North Eastern Railway (LNER).
Rail services on the East Coast Main Line will be brought back under public control following the termination of the franchise agreement with Virgin Trains and the Stagecoach Group.
The company also has already funded its full GBP165 million loan commitment to the East Coast franchise.
The move comes just over three years after Virgin Trains East Coast started running under a franchise of Virgin Trains and Stagecoach. He reiterated that, as the proposed East Coast Partnership contractual structure evolved, the ECML infrastructure would remain in the hands of the public sector via NR.
Stagecoach, which has operated the line with Virgin Trains since 2015, says it has been advised that an "operator of last resort" would be appointed to run the London to Edinburgh service.
Stagecoach chief executive Martin Griffiths said he was "surprised and disappointed".
Transport Secretary Chris Grayling told parliament the East Coast Main Line franchise would be halted after it made considerable losses under a private company.
He said the aim was to create a new public-private partnership from 2020, with "one simple team operating the railway".
"After three shambolic private sector failures on the East Coast the message should now sink in that these cowboys can not be trusted and should be locked out of the system on a permanent basis". So I am instructing the new board, working with my officials, to bring forward proposals which enable employees to share directly in the success of LNER both as a pure train operator and subsequently as the new partnership.
He said: 'It's important staff and passengers are properly protected while, once again, the transport secretary tries to patch up a failing franchise system that everyone knows doesn't work.
The government has said that it does not intend to strip Virgin and Stagecoach of the franchising passports which they hold, and thus they would be able to bid for future franchises.
More than 15,000 teachers signed up to attend the rally, but it's unclear how many will take the day off and come to the march. But a recent snapshot of teacher pay put the state in 37th place nationally, and 39th place for per-pupil spending.
Also, Honor 10 new Aurora design makes the phone looks shiny and the colors on the back case are astonishing, without any doubt. According to George Zhao, President of Honor, "Before 2016, most phones came in just three colours: black, white and gold".
RTÉ has retained a Tuesday slot, but TV3 will also be showing a live game that night due to a new schedule. For the third year running, the Champions League and Europa League finals will be free to watch online.
It has actually released the Burgundy Red hue for the Galaxy S9 earlier than it did for the Galaxy S8 a year ago . There's also a Burgundy Red version launching this month, but that's now exclusive to China and Korea.
Reports say that the police report remained confidential until October, when the informant sent the email to DelTondo's school. According to the report , DelTondo and the 17-year-old were found in a parked auto near the Aliquippa hospital around 2 a.m.
For what it's worth, Harry's older brother Prince William and Kate Middleton had a sit down lunch for their 650 wedding guests. Other members of the royal family will also be arriving in style in state cars including Bentleys, Rolls-Royces and Daimlers.
Love said he thought the Cavs were a "little soft" in the first half in Game 1. "You've got to be ready for that next game". His 9 consecutive points again kept the Celtics in the game when it looked like the Cavaliers were separating themselves.
In addition, the company said Prime members will get an additional 10 percent off hundreds of sale items at Whole Foods Stores. The company said, however, that the integration of Whole Foods was among the fastest startups of a new Prime program.
Mile 22 sees Mark Wahlberg leading a team of elite fighters who work for an organization known as Overwatch. Mark Wahlberg and director Pete Berg sure like one another.
Here's A Tesla Towing A Qantas Dreamliner
The distance was enough for the Tesla to break a new Guiness World Record for the heaviest tow by an electric passenger vehicle. Its dual electric motors generated a huge amount of torque (967 Nm), which helped it tow the Dreamliner to nearly 300 metres.
Metro Exodus Delayed to 2019
The rest of the announcement reports some pretty bullish results for THQ Nordic , including an increase in net sales of 673%. Metro Exodus is the third title in the series which now has been delayed from its previously planned release to Q1 2019.
New Volvo S60 sedan will not have a diesel engine option
Kicking-off the move, the firm's new Volvo S60 saloon will be available with petrol and petrol hybrid power only. Volvo's transition away from the internal combustion engine may be starting now, but it won't happen quickly.
Crude oil stable as OECD inventories fall
This is why the sanctions against Iran is going to impact Brent much more than it is going to impact WTI crude oil. As a result, crude oil is likely to undergo a short-term correction.
Sony to cease Vita physical game production
Note that the announcement specifically calls out America and Europe as halting production of physical Vita games. During the handheld consoles first week of sales, Sony shifted 500,000 units in Japan and the U.S. combined.
SpaceX plans first Falcon 9 "Block 5" launch
By now, SpaceX landing one of its Falcon 9 rockets (or even landing two, for that matter) is barely worthy of a headline. The octaweb is created with bolted rather than aluminum and has higher thermal protection to avoid melting, " he said.
Saudi Arabia announces Thursday start for Ramadan
In Ramadan , Muslims' souls will be freed. "That's obviously challenging this time of year", Hasan says. They also offer more prayers, contribute more money to the poor and regularly study the Quran.
OnePlus 6 launch tonight
In terms of design, the smartphone will bring back glass build for the rear, first seen on the OnePlus X. From the leaks it is clear that the OnePlus 6 is going to look very different from the OnePlus 5T .
Chelsea must show ambition with new signings, says Hazard
But the Blues finished fifth this term and have failed to qualify for next season's Champions League. 'Trophies are important. So, yes, it was a bad season. "We will give everything". "This season was not good, but, you know, this is Chelsea ".