History
Stagecoach London was created from East London Bus & Coach Company Ltd and South East London & Kent Bus Company Ltd. Both companies were acquired by the Stagecoach Group from state-owned London Buses when its subsidiaries were privatised. Legally these companies still exist, and Stagecoach London's buses carried legal lettering for either one or other of these companies.
Both the buses involved in the 7 July 2005 London Bombings, Trident 17758 and 21 July 2005 London Bombings, Trident 17762 belonged to Stagecoach London, both garaged at Stratford Garage (SD) now closed as part of the Olympic Park redevelopment and replaced by a new Garage in Stephenson Street, West Ham (WH).
On 23 June 2006 the Stagecoach Group agreed to sell its London operations to the Macquarie Group. Stagecoach gave permission to use the Stagecoach London name for a limited time. Quickly the fleets both turned all-over red again, and were given back their old logos, albeit in lower-case lettering rather than capitals. The parent company became known as East London Bus Group.
On 15 October 2010, the Stagecoach Group announced that is was re-acquiring the business from Macquarie for a sum of nearly £59 million, which represents a significant profit for Stagecoach since it sold the company to Macquarie for £263.6 million in June 2006.
Read more about this topic: Stagecoach London
Famous quotes containing the word history:
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“In nature, all is useful, all is beautiful. It is therefore beautiful, because it is alive, moving, reproductive; it is therefore useful, because it is symmetrical and fair. Beauty will not come at the call of a legislature, nor will it repeat in England or America its history in Greece. It will come, as always, unannounced, and spring up between the feet of brave and earnest men.”
—Ralph Waldo Emerson (1803–1882)