Friday, January 30, 2009

Motor Coach Industries’ Reorganization Confirmed

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: Information regarding court-filed documents is available to the public at or at

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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