Diamond Bus North West

[Mrboo]

RE: Diamond Bus North West

(15/01/2021 10:23)Barney Wrote:  The issues of the future of bus operation in GM and bailouts is not confined to DBNW alone and perhaps should be on a separate thread.

I don't understand your comment "paying them less as currently on paper they are losing money, So the value is lower."

As I understand it, there is no intention of taking back ownership of the assets (vehicles and depots). Rather, the franchising system would work as it does in London with TfGM responsible for strategic planning, awarding routes, setting fare structures, livery and overseeing the network etc. Please correct me if I am wrong.

As they will look at the profits of the company and how much each route makes that not on tender as any profit off a tender could be removed if they did not get the tender. we are now looking at 1 year of low numbers if they look at the Avg of last 5 years or since ownership. On paper DNW is worth less then 12 months ago. I had a friend who had a C.P on his nightclub they looked at his books and as he was silly with his paperwork. Got less then he would of done if he accounted for in`s and out`s better