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The main priority of the AAMC, which is being led by Clarence Cox of Georgia Coach Lines in Fayetteville, Ga., will be to help ABA in lobbying for more federal government funding for the motorcoach industry, especially on behalf of small, family-owned minority businesses.
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Financial institutions have predicted without federal government relief aid, the industry could see more than 40% of the 3,000 businesses permanently shut down.
Read More →In prepared remarks, Pantuso will outline the devastation COVID-19 has brought on the motorcoach industry, which has also affected many other industries including the live entertainment industry.
Read More →Bill includes $8 billion for the private motorcoach industry.
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The Coronavirus Economic Relief for Transportation Services Act will provide $10 billion in emergency economic relief funding, in the form of grants — no less than 50% of total funding — and other economic assistance.
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METROspectives has a conversation with the American Bus Association (ABA) President/CEO Peter Pantuso, who discusses the impact COVID-19 has had on the motorcoach industry and why he believes Congress must act to help support an industry that is mostly made up small, mostly family-run businesses.
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Most charter and tour companies have closed their doors, commuter operations have mostly stopped running, and scheduled service operations are operating at approximately 15% of capacity.
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Both the House Ways and Means Committee Chairman and the T&I Committee Chairman requested Steven Mnuchin and Federal Reserve Chair Jerome Powell consider providing at least $5 billion.
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The task force will work to develop a path forward for not only the cleanliness of motorcoaches but also explore new methods and approaches that protect everyone on the bus.
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Most recent data shows that nearly 100% of the charter and tour market has stopped operating.
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