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Bus.com files NOI and CCAA proceedings

9139249 Canada Inc., a Montreal, Quebec-based company which operates as “Bus.com”, filed an NOI on August 9, listing approximately $25 million in assets and $38 million in liabilities, including over $26 million to EDC.

Bus.com operates a turn-key online transportation booking service for individuals and businesses, as well as transportation routes to and from some of the world’s major airports, including notably LAX. The company’s clientele is mainly the Los Angeles World Airports authority and some major Canadian and American corporations.

Bus.com has experienced strong growth but has never managed to be profitable, with accumulated losses resulting in a deficit of more than $12 million. The company’s shareholders and lenders have decided not to invest further funds into the company. The purpose of the NOI filing is to conduct a SISP and obtain interim financing.

On February 27, 2025, the Superior Court of Quebec issued an Order extending the stay period against the Debtors until April 15, 2025.

PwC is the proposal trustee.

Counsel is BLG for the company and Fasken for EDC. EY is EDC’s financial advisor.

Company

Export Development Canada (EDC)

Law Firm / Organization
Fasken Martineau DuMoulin LLP

Company

PricewaterhouseCoopers Inc.

Law Firm / Organization
Miller Thomson LLP
Other
Transportation
Undisclosed/Confidential
Active