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      • Bus company Coach USA, owner of the Megabus service that connects Detroit with other cities in Michigan and Ontario, has filed for bankruptcy, saying it was unable to recover from a decline in ridership brought on by the COVID-19 pandemic.
      www.detroitnews.com/story/business/2024/06/17/megabus-owner-files-for-bankruptcy-amid-ridership-decline/74125470007/

      Megabus owner files for bankruptcy amid ridership decline

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  3. www.cnn.com › 2024/06/12 › businessUS bus company Coach files for bankruptcy to sell its ... - CNN

    Jun 13, 2024 · Coach USA, the operator of Megabus and other commuter bus lines in the US and Canada, filed for bankruptcy protection in Delaware late Tuesday, seeking to sell its assets and shed debt incurred...

  4. www.bloomberg.com › news › articlesBus Carrier Coach USA Cuts Deal With Creditors on Sale, New Debt

    Jul 19, 2024 · Bankrupt bus company Coach USA won court approval to sell its Megabus commuter service, including routes connecting New York and New Jersey, after lower-ranking creditors dropped their...

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  6. us.megabus.com › press-releases › sale-announcementCoach USA Receives Court Approval for Asset Sales ... - megabus

    PARAMUS, NJ – August 14, 2024 – Coach USA (the “company”), a leading provider of passenger transportation and mobility services, today announced that the United States Bankruptcy Court for the District of Delaware has approved the following transactions, in connection with its previously announced voluntary Chapter 11 proceedings: An ...

  7. finance.yahoo.com › news › lenzner-megabus-ownerLenzner, Megabus owner Coach USA files for Chapter 11 ...

    Jun 13, 2024 · Coach USA, the owner of Megabus and Lenzner lines, filed late Tuesday for Chapter 11 bankruptcy protection as the bus company struggled in the wake of drastic changes to Americans’...

  8. www.businessinsider.com › megabus-coach-usaMegabus, Coach USA Bankruptcy: Wall Street Wrecked Discount ...

    Sep 11, 2024 · According to court filings, Coach USA had $197.8 million in debt when it filed for bankruptcy, including $146.6 million on the loan that funded the Variant deal and $37.7 million on a...

    • Henry Blodget

  9. www.coachusa.com › news-and-media › coach-usaCoach USA Initiates Voluntary Chapter 11 Sale Processes to ...

    The transactions are being undertaken pursuant to Section 363 of the U.S. Bankruptcy Code, with BCH US and Avalon serving as the “stalking horse” bidders for the businesses in the court-supervised sale processes.

  10. www.detroitnews.com › story › businessMegabus owner files for bankruptcy amid ridership decline

    Jun 17, 2024 · Bus company Coach USA, owner of the Megabus service that connects Detroit with other cities in Michigan and Ontario, has filed for bankruptcy, saying it was unable to recover from a decline in...

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