With the fast-paced development of the industry this was not thought to be in the long term best interests of the company.By March 1994, it was considering options of geographic expansion, merging or acquiring other companies, and selling to a national group. During this time fleet names carried the strap line An employee owned company.In late 1993, Busways management considered an offer from the employee board members to buy out some of the management shares using one of the employee share trusts. Employee ownership In 1989, Busways was sold to its employees and management as an company, with the management owning 51% of shares and employees owning 49%. Contents.Company history PTE divestment To comply with the, in October 1986 the assets of 's bus operations “PTE Buses” as it was then called, were transferred to a new legal entity named Busways Travel Services.
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