TIBS Holdings
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| Public limited company (Ltd.) | |
| Industry | Public transport |
| Fate | Merged with SMRT Corporation |
| Founded | Singapore, 31 May 1982 |
| Defunct | 10 May 2004 |
| Headquarters | Ang Mo Kio, Singapore |
Number of employees | 2,000 (2000) |
Trans-Island Bus Services (TIBS) was formerly a public transport operator in Singapore. It was incorporated on 31 May 1982 by a firm of Singapore Shuttle Bus as a second full-day run bus service, following public transportation market liberalisation reform approved by parliament. The legislature thereafter proposed the formation of another public bus service provider to establish a duopoly, which would compete with Singapore Bus Services (now SBS Transit) in 1981. TIBS Holdings' core businesses were subsumed by SMRT Corporation on 10 May 2004 following merger.[1]
Overview
TIBS began its services on 3 April 1983 with 37 Hino RK176 buses plying on Services 160 (now renumbered to 980) and 167 which taken over from Singapore Bus Services, followed by the rest of the services in the northern areas, when the government gave the company exclusive operating rights in the northern towns of Sembawang, Woodlands and Yishun.
Its buses were coloured distinctly in pale beige with yellow and orange lines. In addition to its regular buses, it also operates the unique Bendy Buses – a fleet of Mercedes-Benz O405Gs.
On 12 March 1987, TIBS acquired Singapore Shuttle Bus Pte. Ltd., a bus operator with limited routes serving mainly the city area. The next day, on 13 March, TIBS became a public listed company on SESDAQ.
On 2 May 1990, TIBS Taxis Pte. Ltd., a subsidiary of TIBS, was formed to operate taxi services. It is the only company in Singapore to operate a fleet of entirely large capacity taxis. It also operates the world-famous London taxis.
Another subsidiary, TIBS Motors Pte. Ltd., was set up in 1990 to provide workshop services and carry out business as a distributor and agent for some motor vehicles.
In 1991, TIBS underwent a restructuring, bringing its subsidiaries under TIBS Holdings Ltd..
In 1995, as part of the government's plan to make the local bus system more competitive, 16 SBS services were handed over to TIBS Holdings (TIBS) along with the tender to operate bus services in the north-east corridor, mainly the developing towns Sengkang and Punggol as well as Bukit Panjang.[2]
In 1996, TIBS began operations at the Woodlands Regional Bus Interchange, Singapore's first underground bus interchange. It was also the first bus interchange designed to accommodate articulated buses. TIBS used articulated buses, some of which were designed by world-renowned designer, Pininfarina and was known as the Habit articulated buses.
In 1999, TIBS was awarded to operate bus services in the north-west corridor towns of Choa Chu Kang and Bukit Batok, where the handover was done in stages.[3]
In 2001, it merged with Singapore MRT[1] and became a subsidiary of the SMRT Corporation.
On 10 May 2004, in a S$2.5 million rebranding exercise the name "TIBS" was changed to SMRT Buses Limited (bus services) and SMRT Taxis (taxi services). The livery of all buses were subsequently painted to red from yellow.
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See also
References
- 1 2 "TIBS Merger". SMRT Corporation. Retrieved 11 December 2015.
- ↑ "TIBS to take over in Bt Panjang, Jalan Kayu". Straits Times (Factiva). 26 June 1995.
- ↑ Kuar, Karamjit (21 May 1999). "SBS to run North-East line - TIBS to merge with SMRT". Straits Times (Factiva).