Virgin Trains have been stripped of the right to run services that link the North West to London and Scotland.
First Group's been awarded the franchise on the West Coast Main Line - and it's promising "substanial improvements" for passengers.
But the main rail union and some campaigners fear job losses and an increase in fares. We want your views after this report from our correspondent Ashley Derricott:
Can it really be done? FirstGroup, already a big train operator, have swiped the UK's most profitable train line from Virgin. They will pay an eye watering £5.5 billion for the privilege.
Even that is a very big promise to keep but as well as forking out the cash they have come up with a whole shopping list of other commitments.
More from ITV Laura Kuenssberg: Business Editor here.
Branson threatens to walk away from the rail industry after Virgin lost its West Coast franchise to rival transport company First Group.
Sir Richard Branson said he was "extremely disappointed" with the decision, the franchise system was "flawed" and it was "extremely unlikely" that Virgin would bid again for a franchise.
The Governmement has announced that First Group will take over the running of the West Coast main line from December.