I did a bit of checking up, and it seems that Robert Whitton has
really left Deloittes.
In relation to the National Express administration, he has resigned
as an administrator of NX, and Peter Yates (of all people) has taken
over as the 2nd administrator (alongside Simon Wallace-Smith, the
other original Administrator).
*****
In a few minutes the NX Deed PROPOSAL (not the actual Deed) will be
put on the (public) list, under the UNOFFICIAL section (because it's
not the actual Deed).
The actual Deed was executed a couple of weeks ago, but it's not
freely available (... business as usual).
The Deed (proposal) is quite an eye-opener.
1. Employees are not even a part of the Deed, because the State
Government unconditionally paid them out (yes, Peter Batchelor, the
Minister of Transport, being generous).
2. The State Government won't recover anything from the Deed.
3. No mention of the Performance Guarantees that the Government is
holding (as a security against default - which is exactly what's
happened). The Government is taking a hard line about keeping that
money (about $80m?)
*****
National Express (NX) is the entity behind M>Tram and M>Train. It
appears that the National Express Bus company is unaffected.
Nick.