National Express intends to defy transport secretary Lord Adonis by extending one of its two remaining rail franchises to 2014, the company's acting chief executive has told the Observer.
Ray O'Toole also insisted that the £72m penalty that the company will pay for handing back its £1.4bn contract to operate the east coast franchise was set at a "sensible level".
He said National Express was well on track to hit all of its performance targets on its East Anglia...
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