To me, the future of Midland Bluebird is the most interesting thing about the break-up of First in Scotland. I’m with Jordan in thinking that a sale of the whole Scottish operation makes sense and would be the most likely outcome, but then again, who wants Midland Bluebird? It has a dire record and there’s precious little to cut/minimal opportunities to grow.
If being sold on its own, it *should* be Stagecoach – it would fit nicely with Fife – but that’s not going to happen for obvious reasons. Maybe Lothian would buy out Livingston (although why would they when they’re strangling it slowly as it is?), but Midland Bluebird would need a lot of work to sort out, and it’s unlikely to ever be a pot of gold. If the price was right West Coast might be interested, but their expertise is really rural work. When they were going for world domination I’d reckon on McGills being interested, but I think that ship has sailed. Which leaves it being sold as part of a Scotland-wide package….but to who?
Where it might get really interesting is if First decide to keep the crown jewels and dispose of the rest. Can’t help thinking Midland Bluebird would be a bit of a fire sale, so someone really left-field could surprise us.