Whilst they are obviously the evil bus owners that are exploiting everybody First didn't even exist until half way through the 1990s and didn't buy into Manchester until even later. Stagecoach also didn't make it's big purchase until 1996 so I dont know how many companies they could have bought off of what they made, especially as both the GM companies needed large investments in vehicles at the time.See London in the 90s for evidence. As I mentioned earlier, London ran at break even, yet GMPTE had to pay for tendered services, whilst First, Stagecoach et al were using profits made in Manchester buying up companies in other parts of the country and the world.