Why the Dublin Bus Company has been shut down
- by admin
The Dublin Bus Co. is being shut down and the company is facing a long road of debt restructuring, the Irish Transport Authority (ITA) said on Tuesday.
The ITA said it would be making a decision by the end of November on the company’s long-term debt restructuring plans and if the firm should be reopened.
The decision is likely to involve an assessment of the firm’s future viability, which is due to be completed within six months.
The ITA is in the process of analysing a variety of options and will make a final decision on its future direction within a week, it said.
The company, which operates buses in the south of Ireland, has been operating since the late 1980s.
It was started in 1851 by Irish immigrants and is one of the country’s oldest companies.
It operates the Dublin-Dublin Bus, which runs Dublin’s tram network, and the Dublin Waterways.
The Dublin Bus Co. is being shut down and the company is facing a long road of debt restructuring, the…
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