Where the cm class not well liked ?
The CM are owned CFCLA
CFCLA are a JV between Sasser Family Holdings, Inc. of the USA and Marubeni Corporation of Japan, The JV probably has a floorplan to finance their fleet of new build locos, be assured that they did not pay cash for them, they are not fools
The CM have a CIF Australia price of around $3.5 mil
The CFCLA JV is in business to generate profits, the lease of new locos is not cheap, CFCLA need to generate sufficient return to pay their financiers, then make sufficient margin to run their business, and pay their two shareholders a dividend
1201/1202 are owned by the builder, probably on NREC Australia's books at close to actual cost, NREC should always be able to cut price to beat CFCLA's rate, and still maintain a profit. I would think that NREC's cost for these gensets is probably a million less than a CM