Tuesday 28 April 2009

Straitscoach woes

All appears not to be well between Stagecoach and DafT.

This from Stagecoach's Trading Update:

The Group is also providing an update on the status of discussions between it and the Department for Transport (“DfT”) in respect of the South Western Trains (“SWT”) rail franchise.

More to follow...

UPDATE: This from PA via Business East Midlands...

South West Trains operator Stagecoach has warned of a "significant" operating loss in two years if a dispute with the Government is not resolved.

Bodes well for discussions on the South Central franchise...