DeinBus insolvent

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SONY DSCIntercity coach operator looks set to have become the latest victim of the highly competitive scheduled coach market. It comes after National Express Group shut its City2city operation last month.

DeinBus was the subject of preliminary insolvency proceedings last week – although under German law, the firm has been allowed to continue to operate. However, some less well-used services and journeys have been withdrawn with immediate effect.

In a statement, the company said efforts are ongoing to rehabilitate the firm. The official reason for the bankruptcy petition is indebtedness.

Passenger numbers on scheduled coaches have also been boosted by the ongoing national rail strike, resulting in increased demand.

The liquidator appointed by the District Court, Christian Feketija said: “I think Dein Bus is a worth preserving and I will do my utmost to contribute to this preservation. Efforts are now being focussed on swiftly finding an investor for what is an insolvent entity. Our coach operator partners have vowed to help us get through this. The glass is half full.”