The lawyer for three bus companies opposed to the sale of the defunct Pantranco North Express Inc.’s franchises described on Friday as “premature and irresponsible” the claim of the shuttered bus firm’s workers that the Court of Appeals had sustained the validity of the contested franchises.
The government has deferred its confirmation of the validity of the sale of close to 500 former Pantranco bus company franchises to the Victory Liner group following opposition from rival bus firms.
The government has awarded nearly 500 bus franchises—formerly owned by the defunct Pantranco North Express Inc.—to the Victory Liner Group, a move that is feared to result in a “monopoly” in Northern and Central Luzon.
