Large Charter Bus Service Files Bankruptcy
Large Charter Bus Service Files Bankruptcy
According to the ACC – Lexology, the buses for charter business, Coach AM Group Holdings has been forced to file for bankruptcy
On January 3, 2012, Coach Am Group Holdings Corp., along with certain of its affiliates (“Coach” and/or “Debtors”) filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Aside from Coach America, Coach also operates under the brand names CUSA, American Coach Lines and Gray Line. According to the Declaration of Coach’s Chief Restructuring Officer (the “Declaration” or “Decl.”), Coach enters bankruptcy with approximately 6,000 employees and a fleet of over 3,000 vehicles.
Six thousand employees and over 3,000 charter buses are affected. While nationwide charter bus companies are more popular because of their sheer size (employees and fleet size) and ability to offer nationwide charter bus hire, they are not exempt from troubles as we see here.
A local charter bus service is a great way to rent a charter bus while helping a local business in your community to thrive. We have a large fleet of charter bus rentals in Orange County and we also offer charter bus rentals in Los Angeles!
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