San Antonio tour operator files for bankruptcy
Sunday, 02 Aug, 2016
0
San Antonio City Tours Inc, which operates airport shuttles and trolley bus tours, has filed for bankruptcy.
The operator filed for Chapter 11 bankruptcy protection after learning its contract to run the San Antonio Super Shuttle airport ride would be terminated.
The city said it was in contract default after missing a payment last month, according to City Tours’ president, Edward Torres.
He also blamed the effect of ongoing construction at San Antonio International Airport and the presence of ride hailing services Uber and Lyft in the San Antonio market.
"Having that happen, and with the lost revenues, it has unfortunately put us in a position where it’s affected all of my businesses and we were left with no choice but to file for some protection under Chapter 11," Torres said.
The company has been operating for 30 years and also runs Grand Trolley Tours and charter bus tours to nearby wineries.
Creditors owed six-figure amounts by the company include the IRS and Bexar County property tax collection.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Phocuswright reveals the world's largest travel markets in volume in 2025
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports