History of The PTE Bus Operations - Privatisation

Privatisation

All the arms length bus companies were privatised by 1994:

• SYT sold in 1993 to employees
• Yorkshire Rider sold in 1988 to management
• West Midlands Travel sold in 1991 as an esop (employee shared ownership plan)
• Strathclyde Buses sold in 1993 to employees
• GM Buses North sold in 1994 to management
• GM Buses South sold in 1994 to management
• Merseybus sold in 1993 to some employees as MTL (Merseyside Transport Limited)
• Busways sold in 1989 as an esop