Motorcoach

MCI reorganization plan confirmed

Posted on January 30, 2009

Judge Brendan L. Shannon of the United States Bankruptcy Court for the District of Delaware entered an order confirming the Second Amended Joint Plan of Reorganization for Motor Coach Industries (MCI) and certain of its affiliated companies. MCI expects the plan to become effective and to emerge from Chapter 11 by the end of February.

"Today marks an important milestone in the restructuring of MCI and sets us on course as an even stronger and more competitive company," said Tom Sorrells, MCI’s president/CEO.  

MCI and its U.S. subsidiaries filed voluntary petitions for Chapter 11 on September 15, 2008 to implement a pre-negotiated restructuring plan. The Company is advised by Rothschild Inc., AlixPartners LLP, and Simpson Thacher & Bartlett LLP.

View comments or post a comment on this story. (0 Comments)

More News

CH Bus Sales delivers Temsa TS35Es, TS45 to Midwest

Operators adding coaches include Mishawaka, Ind.'s Royal Excursions; Caseyville, Ill.'s Vandalia Bus Lines; and Cedar Springs, Mich.'s Compass Coach.

Feds propose speed limiters for motorcoaches, trucks

The proposal discusses the benefits of setting the maximum speed at 60, 65, and 68 miles per hour, but the agencies will consider other speeds based on public input.

ABC delivers 6 CX45s, 1 TX45, 2 CX35s to Calif., Texas

All nine coaches have Van Hool standard safety features, including three-point seatbelts, backup camera, lane departure warning and antilock brakes. 

Trailways Transportation System deploys Betterez Microsite

Will use system to automate their Trailways Affiliated Partner program registration and payment processes.

FMCSA seeks comment on military driver pilot project

The three-year pilot program would allow a limited number of individuals between the ages of 18 and 21 to operate commercial motor vehicles in interstate commerce while in military service .

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close