Archive for January, 2009
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SCHAUMBURG, Ill.–(BUSINESS WIRE)–Motor Coach Industries (“MCI” or “the Company”) announced today that Judge Brendan L. Shannon of the United States Bankruptcy Court for the District of Delaware yesterday entered an order confirming the Second Amended Joint Plan of Reorganization for MCI and certain of its affiliated companies. The Company expects the Plan to become effective and to emerge from Chapter 11 by the end of February.
“Today marks an important milestone in the restructuring of MCI and sets us on course as an even stronger and more competitive company,” said Tom Sorrells, President and CEO. “In less than five months, since our filing last September, through the hard work of our key constituencies and advisors, we were able to achieve approval of our Plan of Reorganization, which is an impressive accomplishment in the present economic environment and speaks to the core strengths of MCI and its future. We are very appreciative of the support we have received from our customers and vendors throughout this process as well as the commitment of our employees, whose dedication and perseverance has been particularly gratifying,” added Mr. Sorrells.
MCI and its U.S. subsidiaries filed voluntary petitions for Chapter 11 on September 15, 2008 to implement a pre-negotiated restructuring plan. The Company is advised by Rothschild Inc., AlixPartners LLP and Simpson Thacher & Bartlett LLP.
Additional information regarding the cases can found at the Company’s web site: www.mcicoach.com. Information regarding court-filed documents is available to the public at http://pacer.psc.uscourts.gov or at www.kccllc.net/motorcoachindustries.
Motor Coach Industries, headquartered in Schaumburg, Illinois, is the largest manufacturer of intercity coaches for the tour, charter, line-haul, scheduled service, and commuter transit sectors in the U.S. and Canada. The Company also operates seven sales centers and nine service centers in the U.S. and Canada and is the industry’s leading supplier of aftermarket parts for most makes and models.
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>State-Journal.com – Frankfort,KY,USA
Driving into Elkhorn Campground off Georgetown Road can be a bit foreboding. The downed trees and lightly-tracked, winding road look like a graveyard for ice and snow-covered RVs.
But knock on the door of the “Bill & Anita Hanley” RV, and you’ll be greeted by all the comforts of home, including, of course, heat. In fact, their daughter is staying with them at the campsite because ” you guessed it ” there’s no heat at her house in town.
Bill Hanley, 65, and his wife, Anita, 57, started RVing in 2004. They sold their house a couple of years later when Bill retired from the U.S. Postal Service, and now the camper – a gooseneck – is home.
Full Story…
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>ALBANY NY – The New York state Office of Parks, Recreation and Historic Preservation is pulling campground reservations made during the last four years by residents near Worcester, Mass., to learn which campgrounds were visited by people who unknowingly could have brought in firewood infested with Asian longhorn beetles.
“We expect to start a survey of our campgrounds in February to look for signs of the beetle,” said Pam Otis, a parks analyst who spoke Thursday at the New York Invasive Species Council.
In New York, temporary emergency rules that ban the movement of untreated firewood more than 50 miles from its source have been in place since June 2008. The state is moving to make such rules permanent.
According to the department’s records, Worcester residents visited 23 of the state’s 67 campgrounds.
Worcester is fighting a massive beetle infestation since the insects were first discovered in August. A 64-square mile area has been quarantined by the U.S. Department of Agriculture, and officials this month started cutting down thousands of infested trees.
FUll Story…
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