January 31, 2011
Through the sale, company has de-leveraged its balance sheet and recapitalized to poise itself for growth in the coming years. Krystal is partnering with Thunder Sky to introduce new, green vehicles in the near future.
December 2, 2010
All operations, including manufacturing, sales and warranty support, will continue to operate as usual during the reorganization, company officials said.
January 19, 2010
Monorail officials said last month that they had three options: Negotiate an agreement with bondholders without filing for bankruptcy; file for bankruptcy with the bondholders’ blessing; or file without a new agreement in place.
September 28, 2009
Company will reduce debt obligations on its balance sheet from approximately $1.2 billion to approximately $400 million.
January 30, 2009
MCI and its U.S. subsidiaries filed voluntary petitions for Chapter 11 on September 15, 2008 to implement a pre-negotiated restructuring plan.
October 23, 2008
Late last week, MCI was granted final approval to continue all customer programs and services without interruption, and will also continue to honor all standard limited warranties on its coaches.
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