Reported about 1 year ago
Coach USA, the operator of Megabus and other commuter bus lines in the U.S. and Canada, filed for bankruptcy protection after facing financial difficulties due to the pandemic and debt from a 2019 private equity buyout. Despite the bankruptcy filing, buses will continue to operate as usual, and the company has entered Chapter 11 with plans for the sale of its assets and business lines to alleviate its financial burdens.
Source: YAHOO