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San Francisco's Leap Transit files for bankruptcy

In May, California regulators issued a cease-and-desist order to the company for running without permits. The company immediately said in an announcement it would be “offline” for the week, however, the service never returned.

Coach America bankruptcy impacts Calif. transit

Ventura County Transportation Commission officials say if the shutdown of VISTA cannot be somehow avoided and that they need more time to find another company to provide bus service. They say they are asking Coach America to keep the buses on the streets for at least another month.

Coach America reschedules sale auction date

The one-week delay reflects the timely submission from the Pre-Petition First Lien Agent, pursuant to Section 9.1 of the Prepetition First Lien Credit Agreement, of its intent to submit a Credit Bid under Section 363 of the U.S. Bankruptcy Code.

Coach America files for Chapter 11

Decision was made with a focus on reducing its debt and advancing the best interests of the company and its stakeholders. Coach America has obtained a commitment for $30 million in financing, subject to approval by the Bankruptcy Court, which will support the company's fleet investment and help ensure the continuation of normal operations.

Krystal emerges from bankruptcy

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.

Seattle bus co. linked to scheme sells for $5M

An auction for the luxury motorcoach firm, MTR Western, was scheduled Wednesday morning, but of the two expected bidders only GTO submitted an offer for substantially all the bus assets.