Stagecoach International

Hong Kong Ferries

International Investments Brian Souter

The time was ripe for Stagecoach to develop its interests overseas and the company extended its footprint into Australia and New Zealand with buses and ferries and into Hong Kong with the purchase of Citybus.

Stagecoach also bought Coach USA, the largest bus and coach operator in America and a major player in Canada. It transpired the company was ridden with problems and the purchase was a mistake that had to be tackled. So Sir Brian, who had become executive chairman, returned as chief executive and began selling-off chunks of Coach USA and reorganised the remainder. The parts that Stagecoach retained in the North East and Chicago areas are today more profitable than the whole of the group before it was broken up.

Stagecoach Expansion >>

Souter Charitable Trust