New owner considers merging operations of Hong Kong’s Citybus, New World First Bus after streamlining unified management team
The brand new proprietor of one among Hong Kong’s largest
franchised bus teams is contemplating merging the operations of its two subsidiaries
– Citybus and New World First Bus (NWFB) – amid heavy losses which have
persevered regardless of a current fare enhance, the Put up has
discovered.Nevertheless, as the 2 corporations are sure by the phrases and
circumstances of three authorities franchises, a employees union stated any
proposed merger would solely be potential in 2023 by discussions about renewing
two of these agreements that expire…
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