BOSTON — The owner of Fung Wah Bus Co., which lost its federal license in 2013 because of a well-documented history of safety violations, is closing his business after more than a decade of providing discount bus service between New York's Chinatown and Boston, NBC News reported.

Peilin Liang told NBC News in a telephone interview that without his company's two previous gates at Boston's South Station, which the Massachusetts Bay Transportation Authority gave away to Megabus and the Massachusetts Department of Transportation, his company cannot financially stay afloat.

Fung Wah was given permission late last year to resume operations and in April received approval from a local community board in New York City to re-establish a bus stop in Manhattan's Chinatown. But after being sidelined for 27 months and without its original Boston stop, Fung Wah has struggled to restart its business. For the full story, click here.