Home Dutchess County Coach USA files Chapter 11 bankruptcy, bus service will run as normal

Coach USA files Chapter 11 bankruptcy, bus service will run as normal

Coach USA files Chapter 11 bankruptcy, bus service will run as normal

CHESTER: This week, Coach USA, the company that runs Megabus and other U.S. commuter bus lines, filed for Chapter 11 bankruptcy protection in Delaware.

Carrying commuters from the Hudson Valley region to New York City and visitors to places like the Woodbury Common Premium Outlets are two of Coach’s main services.

According to Coach USA CEO Derrick Waters, “as we proceed through this process, our top priority remains safely transporting the millions of passengers who choose our buses each year and working closely with our valued contract customers and transportation agency partners.” We value our staff members’ commitment to serve our communities and customers while putting safety first.

Buses will keep running normally even after the company files for bankruptcy. The Renco Group will take over Coach’s assets and debts as part of the court case, protecting jobs.

Coach experienced financial difficulties in the midst of the COVID-19 pandemic, as ridership fell by 90% between 2019 and 2020. However, ridership has only returned to a small portion of its pre-pandemic levels.

With $197.8 million in debt at the time of Chapter 11 filing, Coach owed at least $134 million in other outstanding debts, including trade debts, in addition to $37 million on a pandemic relief loan under the Coronavirus Aid Relief & Economic Security (CARES) Act.

Working closely with our valued contract customers and transportation agency partners, as well as safely transporting the millions of passengers who pick our buses each year, continue to be our primary priorities, according to Waters.


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