The owner of Hong Kong’s New World First Bus and Citybus is in talks with the government about options for reducing its losses. Photo: Dickson Lee
The owner of Hong Kong’s New World First Bus and Citybus is in talks with the government about options for reducing its losses. Photo: Dickson Lee

Owner of Hong Kong’s Citybus, New World First Bus in talks with government about options for cutting losses

  • ‘When we bought this business in the middle of a crisis, we were not naive to the challenges, but it was worse than expected,’ says CEO of Bravo Transport Services
  • Options on the table include subsidies, a merger and granting the company the rights to develop property above and around its depots

Topic |   New World First Bus
The owner of Hong Kong’s New World First Bus and Citybus is in talks with the government about options for reducing its losses. Photo: Dickson Lee
The owner of Hong Kong’s New World First Bus and Citybus is in talks with the government about options for reducing its losses. Photo: Dickson Lee
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