Greater Manchester Franchising

[WhiteVanMan]

RE: Greater Manchester Franchising

(26/03/2021 16:12)MTL0201 Wrote:  Indeed, First exited London because they were/are in debt, that they've sold other depots outside London too because of the debt they're in, nothing to do with franchising

Same with the all mighty Stagecoach, who sold their London operations for £263.6m in 2006.

Then re-acquired it in 2010 for only £59.5m.

(26/03/2021 16:12)MTL0201 Wrote:  I'm in too minds about franchising, it needs to be properly funded & i'm not convinced it's going to be properly funded, look at TFL at the moment, they're in debt & have had to cut routes, & or frequencies & that's before the virus hit.

I am of the same opinion.