Brightline announced a bankruptcy filing that will keep trains rolling and attempt to put the high-speed rail service on a profitable path.
Besides reorganizing its debt, Brightline is also getting a $490 million long-term capital investment to keep the trains running from South Florida to Orlando.
Brightline bankruptcy aims to keep trains running in South Florida
“This transaction will be a catalyst for further growth in ridership and revenue,” said Patrick Goddard, the chief executive officer of Brightline Florida.
Brightline has reported a 17% increase in revenues in 2026 over the year before, but according to some analysts, the high-speed rail has had difficulty meeting projections…