The driving school of Australia says it’s not going to reopen after it was forced to close over the weekend
ANZ Bank is reportedly considering a $50 million offer from a private company to reopen the Australian Driving School, after it had to close due to financial pressures.
The Australian Bankers Association (ABA) said in a statement that the school was closing down on Sunday after it failed to meet the demand for more students and was unable to cover the costs.
The bank had previously stated that it would be closing the school after it lost $10 million due to the high demand for its products.
But it is understood that the ABA has now given the go-ahead for the school to reopen.
It said in the statement: “The ABA is not in the position to make a decision as to whether the Australian Driver School will reopen in the near future.”
However, we are working with a private, commercial-scale provider of high-quality driver education services to continue operating the ADA Australian Driving Schools and providing high-impact driver education to our members.
“It said it had not received a formal offer from the bank yet.
The ABA said that the bank’s offer was “in line with its overall strategy of supporting the Australian driving education industry and providing support for its member institutions”.
“While this is an extremely difficult situation for all involved, we appreciate that the financial pressures have been a challenge to operate, and we will continue to support the Australian driver education industry.” ABC/AAP”
The Australian Driving schools have a long and proud history of providing outstanding driver education in Australia,” it said.
“While this is an extremely difficult situation for all involved, we appreciate that the financial pressures have been a challenge to operate, and we will continue to support the Australian driver education industry.” ABC/AAP