Calls for public bus ownership of Auckland's bus fleet

Published on 13/04/2022 at 1:50 pm.

View the whole article on stuff.co.nz .

View the whole article on stuff.co.nz .

Unions are calling for Auckland’s bus services to be nationalised, as the majority of the city’s operators are now owned by foreign investors following the sale of NZ Bus to Australian company Kinetic.

Kinetic – Australasia’s biggest bus company with 5800 people, 3800 buses and 83 depots – also purchased Kiwi transport company Go Bus for more than $100 million in 2020. The Australian Financial Review said it understood the sale price to be just over $400 million.

In September 2019, independent Australian-based private equity firm Next Capital acquired NZ Bus.

View the whole article on stuff.co.nz .