Coach USA Files for Bankruptcy to Facilitate Asset Sales

The operator of Megabus aims to sell assets and reduce debt, with bus services continuing uninterrupted.

Coach USA filed for Chapter 11 bankruptcy to manage $197.8 million in debt.
The company plans to sell the majority of its bus lines to Renco Group and other buyers.
Bus operations, including Megabus, will continue without disruption during the bankruptcy process.
The COVID-19 pandemic severely impacted ridership, leading to financial difficulties.
Sale agreements are expected to preserve about 2,100 jobs across the company's operations.