Greyhound Bus And Citiliner To Be Auctioned
Greyhound Bus and Citiliner will be auctioned in September after the bus lines were shut down earlier in 2021.
The brands will be auctioned by Van’s Auctioneers, with the buses, trailers, local route permits and brand assets up for auction in one of the largest online auctions of its kind in the passenger transport sector.
The passenger bus lines have been operating at significant losses for a number of years and this was compounded by reduced travel due to COVID-19 restrictions.
The closure of South Africa’s borders with Mozambique and Zimbabwe, as well as the restriction of bus occupancy numbers, all contributed to the shutting down of the bus lines. Johan van Eyk of Van’s Auctioneers said:
The vast and modern vehicle stock holding of Greyhound and Citiliner offers prospective purchasers the opportunity to either increase capacity in their existing passenger transportation operation or to start an entirely new operation.
The buses and trailers are in excellent condition and immediately operable. Besides the physical assets of the business, the auctioning of the local route permits is a key factor in successful bidders being able to commence operations immediately, and on a national basis.
The Greyhound auction will consist of eight lots located in Cape Town and Johannesburg:
Lots 1-4: 66 Buses and 27 trailers, including all operating licences available for transfer
Greyhound was established in 1984 as the first luxury coach operator in South Africa to start a scheduled service between major cities in South Africa as well as Bulawayo, Harare and Maputo.
Citiliner is the semi-luxury division of Greyhound, offering scheduled services to Mthatha, Harare and Bulawayo.
Since its inception in 2005, Citiliner has transported more than 500 000 passengers annually over 8-million kilometres.
–BusinessDay
About Post Author
