Optare’s chairman John Fickling said the move “secures the financial stability of the company towards long-term growth”.
President Graham Belgum added that despite challenges in the UK market, the outlook for Optare is positive thanks to overseas demand for its buses, including the Metrodecker (pictured).
“The Metrodecker EV completed trials successfully with First York and First West Yorkshire recently, the first trials of a new fully electric double-deck bus outside London,” said Belgum.
“We are also seeing significant developments in export, with orders being secured in Australia and New Zealand, including a major contract for 114 Metrocity buses for a major operator in New Zealand and several tenders under consideration in the Middle East.”
