East London Bus Group

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East London Bus Group

Post  peanutbutter on Thu Oct 14, 2010 12:55 pm

There Rumours floating about that East London Bus Group is about to be sold!
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Re: East London Bus Group

Post  Bristol LH on Thu Oct 14, 2010 1:50 pm

Old news there Peanut.

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Re: East London Bus Group

Post  peanutbutter on Thu Oct 14, 2010 1:58 pm

Bristol LH wrote:Old news there Peanut.

Can you tell us WHO? it was suppose to be done today
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Re: East London Bus Group

Post  Bristol LH on Thu Oct 14, 2010 2:07 pm

ELBG has been up for sale for well over 6 months, as it is losing cash big time, like every London operator.

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Re: East London Bus Group

Post  peanutbutter on Fri Oct 15, 2010 2:34 am

Uncle Brain sold it sold for £263m, bought back for £59m - bargain ! Razz

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Last edited by peanutbutter on Fri Oct 15, 2010 2:46 am; edited 1 time in total
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Re: East London Bus Group

Post  Paladin on Fri Oct 15, 2010 2:37 am

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Re: East London Bus Group

Post  peanutbutter on Fri Oct 15, 2010 2:49 am

We plan to finance the majority of new vehicles for the business with operating leases that match the related contracts with Transport for London. The operating lease model will increase the London business' costs. However, it will mean that the fleet strategy of our non-London UK Bus operations is less dictated by owned vehicles that are no longer required by the London business being forced upon the non-London business. This should in turn avoid any dilution to our successful strategy for our non-London UK Bus operations.

I bet he done that because he know its pointless trying to send these TFL buses out other areas
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Re: East London Bus Group

Post  peanutbutter on Sat Oct 16, 2010 11:40 am

One of London's biggest bus companies today buckled under the weight of its own debt and collapsed into administration only to be bought immediately by its one-time owner Stagecoach.

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Re: East London Bus Group

Post  Bristol LH on Sat Oct 16, 2010 12:30 pm

I think this could back fire on Souter, as there are plans to slash the subsidies to London bus operators by up to 40%. Make the kids under 16 pay again, as well as the muppets...

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Re: East London Bus Group

Post  patrolman on Sat Oct 16, 2010 2:08 pm

Bristol LH wrote:I think this could back fire on Souter, as there are plans to slash the subsidies to London bus operators by up to 40%. Make the kids under 16 pay again, as well as the muppets...

Lettin kids up to 13 travel free on london buses was a recipe for trouble Shocked Shocked , when i worked down there the kids in brixton kicked the arse out of it,if you tryed to put your foot down there was no backup from the men upstairs,heaven forebidd you may start a riot doin your job properly Shocked Shocked Shocked Shocked Shocked Rolling Eyes Rolling Eyes .
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Re: East London Bus Group

Post  Daisy Dart on Sat Oct 16, 2010 2:14 pm

Bristol LH wrote:I think this could back fire on Souter, as there are plans to slash the subsidies to London bus operators by up to 40%. Make the kids under 16 pay again, as well as the muppets...

I had to pay when I was a kid so I don't see why these cotton wool wrapped numpties today should get free travel!!!

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