Friday, 30 October 2009

National Express To Hand Back NXEA?

Following the recent failed attempts at a takeover of National Express (NX) by The CVC/Cosmen and then Stagecoach bids, there is again speculation that the government may still carry through its threat of removing the NXEA and C2C franchises from NX. The threat was originally made as a consequence of NX handing back the NXEC franchise - something that has still to be done - and the belief by some that should a franchise holder default on one franchise it should also relinquish responsibility of any others it may have.

No comments:

Post a Comment