TfL sells Crossrail trains to pay for Piccadilly line trains

TfL has signed a sale and lease-back deal to sell its fleet of Elizabeth line trains for nearly £1 billion to a consortium comprising Equitix Investment Management, NatWest and SMBC Leasing.
In January 2018, TfL announced that it was looking at whether it could sell and lease back the Elizabeth line rolling stock, to support the delivery for new Piccadilly line trains. Following two rounds of bids throughout 2018, the transaction was approved by TfL’s Finance Committee last December.