Overview

• Coach USA filed for Chapter 11 bankruptcy to manage $197.8 million in debt.
• The company plans to sell the majority of its bus lines to Renco Group and other buyers.
• Bus operations, including Megabus, will continue without disruption during the bankruptcy process.
• The COVID-19 pandemic severely impacted ridership, leading to financial difficulties.
• Sale agreements are expected to preserve about 2,100 jobs across the company's operations.