(19 Feb 2020, 9:29 pm)scanialover wrote Does the yearly revenue/operating costs warrant the purchase of the new vehicles mentioned? It would be good (and logical) but given that we seem to live in a return against investment situation, I somehow think not. Of course that theory seems to go to the wall when we look at the Transdev Coasliner operation which regularly receives brand new vehicles and I would suspect it has the same earning capacity as the X93, busy in the summer months but fairly quiet/steady the rest of the time.

I think it's just the way they work their business. 
Buy a load in one go and then work them through their natural lives, before selling on for scrap - rather than selling on to an independent of sorts. Not often an ex-ANE bus is seen in someone else's fleet. 
First seem to operate on a similar sort of model. 

Some people buy cars on a regular basis, others buy and run in to the ground.
I suppose doing what they're doing, helps them keep an eye on cash flow and outgoings.