Trans-Cab set to take over Smart taxis
TRANS-CAB, the newcomer that became the second largest taxi
operator here in less than 10 years, is set to acquire the fleet of
rival Smart Taxis.
Smart will relinquish its operating licence in September after it
failed to meet the Land Transport Authority's service standards and
maintain a minimum fleet size of 800.
Smart, with 268 cabs last month, started in 2003 - the same year as
Trans-Cab - when the Government liberalised the industry.
Trans-Cab chief executive Teo Kiang Ang told The Straits Times
yesterday that the deal has yet to be finalised. He would not
disclose the sum involved.
Smart's powder-green taxis will be resprayed to sport Trans-Cab's
corporate red.
The deal, if concluded, should bring Trans-Cab's fleet to more than
4,700.
Smart Taxis managing director Johnny Harjantho was not available
for comment.
CHRISTOPHER TAN
This is business transaction, as long as nothing is finalise,
the outcome can be very much different, just like footballers,
rooney can go chelsea, can go Real madrid, but can also end up at
PSG or Home united..lols
