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Despite losing money in the last fiscal year, Saskatchewan’s government-owned bus company is safe from privatization, says the cabinet minister overseeing it.

Not only is the Saskatchewan Transportation Company protected under the province’s Crown Corporation Protection Act from quick privatization without an election, but the government deems STC to be doing an important service by providing transportation to those who need it, said Jennifer Campeau.

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“It is safe — and it’s business as usual,” she said, adding she met recently met with STC’s board of directors to plan for the next few years.

Those plans include acquiring three 16-passenger buses and an airline-style online ticketing capability that will let it more closely match passenger demand with available buses, CEO Shawn Grice said.

STC carried 244,785 passengers in the 15 months ending March 31, a longer-than-usual reporting period that’s required by a move to have Crown corporations end their fiscal years on that date — bringing them in line with the rest of the provincial government.