Macquarie Has put london operations up for sell

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Macquarie Has put london operations up for sell

Post  peanutbutter on Thu Jun 10, 2010 6:17 am

Macquarie but looking to sell up, ( who are there?_ [You must be registered and logged in to see this link.] )

There a number of people eyeing it up including First,and Stagecoach on a bargin.


Last edited by peanutbutter on Sun Jun 13, 2010 1:08 pm; edited 1 time in total
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Re: Macquarie Has put london operations up for sell

Post  Bristol LH on Thu Jun 10, 2010 8:12 am

Stagecoach WONT buy it, as it was their old op, and this is VERY old news. Most ops have had enough of London, as they hate the short term contracts and draconian rules imposed by TFL.Also the vast number of fare ivaders and free brats doing tens of thousands of pounds worth of damage to each bus they wreck..There is no money in running buses in London anymore

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Re: Macquarie Has put london operations up for sell

Post  LynxZF7 on Thu Jun 10, 2010 9:13 am

I rekon some foreign company will buy it.
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Re: Macquarie Has put london operations up for sell

Post  Bristol LH on Thu Jun 10, 2010 9:41 am

Looks like it is probably SNCF who will go for it, the same parent of Transdev South/London

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Re: Macquarie Has put london operations up for sell

Post  peanutbutter on Thu Jun 10, 2010 9:53 am

I would change the rules:

* NO FREE travel for kids, and all KIDS must have ID pass to get half price travel

* 7 years Contracts for a block of routes

* 50/50 Argremeent type of buses and what will be filled in them IE air con

That would solve some of the issues
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Re: Macquarie Has put london operations up for sell

Post  Bristol LH on Thu Jun 10, 2010 12:17 pm

No group wants to be in London simply because the buses are as much use as a chocolate teapot elsewhere, and cannot be cascades easily without a several thousand pound modification to remove the pointless middle doors, and put another 4 seats in, and have them re-certified. Dealers are chock full at the moment with London spec buses that are short wheelbase and even when converted to single door only seat 64..No use to man nor beast!

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Re: Macquarie Has put london operations up for sell

Post  peanutbutter on Thu Jun 10, 2010 12:31 pm

Maybe the london spec should be long wheel base, so you can have 84 seats
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Re: Macquarie Has put london operations up for sell

Post  Bristol LH on Thu Jun 10, 2010 1:09 pm

WRONG on several counts. Loads of London spec deckers were very short wheelbase and even the LWB require major surgery and cannot fit 84 in. Even the LWB Volvo/Geminis that First have only seat 77 max! The buggy bay swallows roughly 6 forward facing seats and replaces them with 3 tip up seats. Also London specify a longer staircase, which pinches 2 seats upstairs and 2 down! Ensign still have Plaxton short wheelbase Tridents in stock that they have had for well over three years now. Nobody wants them due to the poor capacity of 64 seats in single door format

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Re: Macquarie Has put london operations up for sell

Post  peanutbutter on Thu Jun 10, 2010 1:56 pm

Maybe there should just let Bus companies by normal buses with a double doors Razz
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Re: Macquarie Has put london operations up for sell

Post  peanutbutter on Sun Jun 13, 2010 1:13 pm

[You must be registered and logged in to see this link.]

Months of industry speculation has been confirmed with the news that Australian investment bank Macquarie has put its London bus business up for sale.

A spokesman for the East London Bus Group confirmed to TransportXtra this morning (Wednesday) that the company's board had met and made the decision to investigate options for selling the business.

He added that it was the start of the process and that it would be two to three months before any further developments.

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Unite, the UK’s largest union, has today (Thursday) made clear that the current situation facing the East London Bus Group must not impact detrimentally on its 4,500 members.

The giant bus company which runs routes in east London, south east London and central London has announced that it will be selling up, as it is facing huge losses.

Unite is concerned that the proposed sale will mean potential job losses, a reduction in services in the city and could lead to a number of routes lost, affecting the travelling public.

Unite is prepared to listen to the company's plan for moving out of the chaos it finds itself in, but 630 Unite members made clear at a mass meeting that they would not be prepared to accept the significant wage cuts and attacks on terms and conditions that the East London Bus Group is demanding.

Unite regional officer, John Griffiths, said: “This is the result of the mayor's tendering policies in the London bus market which is leading to an accelerated and ugly race to the bottom.

“Our members carry millions of passengers everyday and keep this city moving. Why should they be penalised as a result of this anarchic system, and by an operator that has made a fast buck, and is now bailing out.

“Our huge fear is for the many thousands of loyal workers at the the East London Bus Group and Unite is calling for a swift resolution to end the uncertainty that our members face.”

Unite is now seeking urgent meetings with Transport for London to seek assurances that jobs and terms and conditions will be preserved.

The East London Bus Group was acquired from Stagecoach by a consortium led by Australian investment bank Macquarie.
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