• Debt and coronavirus push Hertz into bankruptcy protection

    13 days ago - By Chron

    Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business.
    The Estero, Florida-based company's lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in U.S. Bankruptcy Court in Delaware.
    Hertz and its subsidiaries will continue to operate, according to a release from the company. Hertz's principal international operating regions and franchised locations are not included in...
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  • Car rental giant & pioneer Hertz files for bankruptcy protection as Covid-19 dries up businesses

    Car rental giant & pioneer Hertz files for bankruptcy protection as Covid-19 dries up businesses

    14 days ago - By RT

    Hertz, one of the world's largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand.
    Corporations worldwide have struggled to stay afloat during the health crisis. The company announced on Friday that it had filed for bankruptcy protection in the United States while it restructures its debts. The car rental service will continue its global operations, which span from the US to New Zealand.
    Explaining the decision, Hertz said in a press release that “the impact of Covid-19 on travel demand was...
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