First Manchester
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RE: First Manchester
(17/03/2019 01:14)gilesbus1 Wrote: Think if the Vantage side of the business is to be retained by FirstGroup, and also possibly the 582 then it will cause problems as to find and open a new depot site will take months, therefore that would mean any sale of Bolton will likely not be imminent. It's highly unlikely that First will just retain Vantage & the 582. The most likely scenario is a break clause to terminate the contract early and hand it back to TfGM (it can then go out for re-tender) or see current contract through to the end on a re-negotiated price. I assume a buyer for Bolton would just want some assurances. As for your depot swap proposal with DBNW, I'm led to believe that Bolton is already at full capacity, even with removing the Vantage fleet & say the 582, it's still doubtful whether that would leave enough room to accommodate Atherton's fleet should Rotala be the buyer for Bolton. |
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