(01 Aug 2025, 4:42 pm)morritt89 wrote Will Arriva, or any other operator bother to invest on a large scale with the possibility of franchising on the horizon (excluding electric vehicles with government funding) or is it just make do and mend with the odd flurry of second hand stock to tide them over?
Guess it depends on their long term goals. Arriva and Stagecoach are both in quite a unique position where their stronger areas are all going to be franchised, so it's probably in their interest to actually invest in them.
If they win nothing, then they're going to be pretty weak companies, Arriva in particular.