The threat of the State-owned Bus Éireann becoming insolvent within the next 18 months is very real, its new acting chief executive has told staff.
Ray Hernan also said it was clear the loss-making company had to change its business model.
However, he insisted that the Expressway service, the companys commercial inter-city coach service which receives no State subsides, would continue to be part of Bus Éireann.
The Expressway service…
Read the full article at: http://www.irishtimes.com/business/financial-services/bus-eireann-chief-says-threat-of-insolvency-is-very-real-1.2933305
