Stagecoach confirmed today that it now has in place a joint venture agreement with Bland Group and a combined £14m funding package as it moves forward with plans to establish a permanent cross-Forth hovercraft service.
The transport group said it had agreed heads of terms with Bland Group, the 200-year-old family-owned business who own Griffon Hoverwork Ltd, the world’s leading hovercraft manufacturer and Hovertravel, the highly successful hovercraft service that links Portsmouth...
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