From 18 July 2007 to 26 May 2008 , the company was in administration and on 27 May 2008 , the company responsibilities were transferred back into public ownership under the authority of Transport for London .
From 18 July 2007 to 26 May 2008 , the company was in administration and had to be bailed out by the government . On 27 May 2008 , the company was transferred back into public ownership under the authority of Transport for London .