Stagecoach spends £13m on Manchester fleet - MIDAS

Stagecoach spends £13m on Manchester fleet

17 February, 2009

Stagecoach Manchester, a subsidiary of Perth-based transport giant Stagecoach Group, is to add another 88 buses to its Manchester-based fleet this year – in addition to the £15m spent on 100 new buses last year.

The firm said the new spend will bring its total investment in its Greater Manchester fleet to £28m.

“The new fleet will replace our older buses and start to provide additional capacity on key routes into Manchester city centre,” said Stagecoach Manchester’s managing director Mark Threapleton. “It will also allow us to cope with the expected rise in bus use over the next few years.”

In the year to the end of April 2008, Stagecoach Group made a pre-tax profit of £167m on sales of £1.76bn.

Source: MEN News


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