Bus Operator Says Support Needed To Avoid Lay-offs

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-02-10 HKT 09:04

Share this story

facebook

  • Monthly losses, prior to the latest Covid outbreak, were HK$25 million, according Bravo's CEO Adam Leishman. Photo: AFP

    Monthly losses, prior to the latest Covid outbreak, were HK$25 million, according Bravo's CEO Adam Leishman. Photo: AFP

The operator of two bus firms is hoping for wage support to avoid laying-off staff as bus passenger numbers plummet. Bravo Transport Services runs CityBus and New World First Bus, and has seen ridership plunge more than 40 percent amid Covid restrictions.

Even before the fifth wave began, the company said monthly losses were HK$25 million.

"The last thing we want to do is be making any front-line staff redundant, or laying them off, particularly when we come out of this crisis we'll need those drivers," said Bravo's CEO, Adam Leishman.

"We'll also ask the government to consider a temporary moratorium on any government payments."

Leishman said the tolls paid to the government each month, roughly equated to the amount the company had been losing.

RECENT NEWS

Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows

Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more

Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut

Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more

TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong

TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more

Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign

Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more

Aspire Secures SFC License In Hong Kong To Launch SME Yield Product

Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more

Why Stablecoins May Become The Backbone Of 24/7 Global Trade

Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more