Great Western Railway (GWR) is a British train operating company owned by FirstGroup that operates the Greater Western passenger railway franchise. It manages 197 stations and its trains call at over 270. GWR operates long-distance inter-city services along the Great Western Main Line to and from the West of England and South Wales, inter-city services from London to the West Country via the Reading–Taunton line, and the Night Riviera sleeper service between London and Penzance. It also provides commuter and outer-suburban services from its London terminus at Paddington to West London, the Thames Valley region including parts of Berkshire, parts of Buckinghamshire and Oxfordshire; and regional services throughout the West of England and South Wales to the South coast of England. Great Western Railway also provides and maintains the Electrostar Class 387 fleet for Heathrow Express. The company began operating in February 1996 as Great Western Trains, as part of the privatisation of British Rail. In December 1998, it became First Great Western after FirstGroup bought out its partners' shares in Great Western Holdings. In April 2006, First Great Western, First Great Western Link and Wessex Trains were combined into the new Greater Western franchise and brought under the First Great Western brand. The company adopted its current name and a new livery in September 2015 to coincide with the start of an extended franchise that is due to run until June 2028. History As part of the privatisation of British Rail, the Great Western InterCity franchise was awarded by the Director of Passenger Rail Franchising to Great Western Holdings in December 1995, and it began operations on 4 February 1996. Great Western Holdings was owned by some former British Rail managers (51%), FirstBus (24.5%) and 3i (24.5%). In March 1998, FirstGroup bought out its partners' stakes to give it 100% ownership. In December 1998, the franchise was rebranded First Great Western. On 1 April 2004, First Great Western Link began operating the Thames Trains franchise. It ran local services from Paddington to , , , Didcot, , , , Worcester, , and Stratford upon Avon. It also operated services from Reading to (via Guildford and ), and from Reading to . On 1 April 2006, the Great Western, Great Western Link and Wessex Trains franchises were combined into a new Greater Western franchise. FirstGroup, National Express and Stagecoach were shortlisted to bid for it. On 13 December 2005, it