Unibus, Oslo | NRK: Saved from bankruptcy – the danger of bus collapse over

Unibus, Oslo | NRK: Saved from bankruptcy – the danger of bus collapse over
Unibus, Oslo | NRK: Saved from bankruptcy – the danger of bus collapse over
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Avisa Oslo learns that the financially hard-pressed bus company Unibuss is going to ask for a reconstruction. This involves bankruptcy protection. This means that all debt claims from creditors are frozen, and no one can file for bankruptcy of the company.

The solution is based on an agreement between Unibus, Unibus’ owner Sporveien and Ruter.

Environment and Transport Council Marit Vea (V) has called a press conference at 3pm.

According to what NRK learns, the agreement means that Sporveien injects fresh money to save the company. Unibuss is owned by Sporveien, which in turn is owned by Oslo municipality.

At the same time, it is likely that Unibus will lose the contract for bus driving in Oslo west and Bærum.

The bus company has large losses and has been threatened by fines from Ruter after the winter’s bus chaos, writes NRK. A bankruptcy would hit 2,200 employees and the travelers hard.

Unibuss runs between 60 and 70 percent of the bus traffic in Oslo and throughout Bærum.

These are to be the most important points in the agreement, sources tell the state channel:

  • Sporveien injects fresh capital and increases the credit limit.
  • Ruter cancels large parts of the fines after the winter’s bus chaos. This applies to all bus companies.
  • The money of the largest private creditor, Danske Bank, is secured.
  • Unibuss withdraws from the bus service contract in Oslo West and Bærum.

also read

Newspaper reveals horror scenario in Oslo

The article is in Norwegian

Norway

Tags: Unibus Oslo NRK Saved bankruptcy danger bus collapse

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