Companies > Travels

Hertz files for bankruptcy after rental-car demand vanishes

7 days ago   |   By Stl Today

Hertz Global Holdings Inc. filed for bankruptcy in Delaware after sweeping travel restrictions and the global economic collapse destroyed demand for its rental cars. The Chapter 11 filing allows Hertz to keep operating while it devises a plan to pay...
Read more ...

 

Car Rental Company Hertz Files For Bankruptcy

Car Rental Company Hertz Files For Bankruptcy

8 days ago   |   By Forbes

Business has dried up as travel demand has plummeted because of the pandemic.
Read more ...

 

Debt and coronavirus push Hertz into bankruptcy protection

8 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...
Read more ...

 

Alert: Car rental company Hertz files for bankruptcy protection, pushed by debt and coronavirus pandemic

8 days ago   |   By Chron

ESTERO, Fla. - Car rental company Hertz files for bankruptcy protection, pushed by debt and coronavirus pandemic.
Read more ...

 

Hertz, Car Rental Pioneer, Files for Bankruptcy Protection

8 days ago   |   By NY Times

The company, which had amassed a large debt, has been devastated by the sharp drop in travel during the pandemic.
Read more ...

 


Search by Tags

   Travels      Travel      Business      Companies      Company      Business      Breaking      Breaking-news      Coronavirus      Coronavirus      Franchises      Franchise      Location      Management      Region      Automobile Renting and Leasing      Automobiles      Bankruptcies      Credit and Debt      Airports      Hertz Global Holdings Inc      Avis Budget Group Inc      Marinello      Kathryn V      Icahn      Carl C  


SpaceX's historic launch hurled a sequined plush dinosaur into space with...

SpaceX's historic launch hurled a sequined plush dinosaur into space with NASA astronauts

SpaceX launched two NASA astronauts into space on Saturday in a historic feat, and a mysterious, sequined dinosaur plushie accompanied them. The dinosaur began floating around... Read more ...

Trump says George Floyd's killing 'should never have happened,' vows to...

Trump says George Floyd's killing 'should never have happened,' vows to 'stop mob violence, and we'll stop it cold'

President Donald Trump discussed the death of George Floyd and the rioting across the country on Saturday, in his remarks from Florida for SpaceX's launch of two NASA... Read more ...

SpaceX makes history with successful first human space launch

SpaceX makes history with successful first human space launch

SpaceX made history today, flying NASA astronauts Doug Hurley and Bob Behnken to space aboard its Crew Dragon spacecraft using a Falcon 9 rocket. The launch, titled ‘Demo-2'... Read more ...

BANK OF AMERICA: Funds are falling out of love with financial stocks at a...

BANK OF AMERICA: Funds are falling out of love with financial stocks at a blinding pace

Large-cap long-only funds are the most underweight in financial stocks in nearly a decade as firms trade profits for loan-loss protections, Bank of America said Friday. Hedge... Read more ...

New York Gov. Cuomo on George Floyd protesters not wearing face masks: 'You...

New York Gov. Cuomo on George Floyd protesters not wearing face masks: 'You have a right to demonstrate. You don't have a right to infect other people.'

At a news briefing on Saturday, New York Gov. Andrew Cuomo underscored the need to wear face masks as thousands protest George Floyd's death while subdued under the knee of a... Read more ...

Trump warned protestors would've faced 'vicious dogs' and 'ominous weapons'...

Trump warned protestors would've faced 'vicious dogs' and 'ominous weapons' if crowd breached White House fence during George Floyd rally

President Donald Trump spoke out on the protest over George Floyd's death that gathered demonstrators in Washington DC, specifically across from the White House. Trump posted a... Read more ...

PHOTOS: Protests erupted in New York City as police clashed with...

PHOTOS: Protests erupted in New York City as police clashed with demonstrators over the killing of George Floyd

Protests erupted in Brooklyn Friday night over the killing of George Floyd, who died when a white Minneapolis police officer knelt on his neck on Monday. The officer, Derek... Read more ...

The anti-vax movement is using growing hesitation around the coronavirus...

The anti-vax movement is using growing hesitation around the coronavirus vaccine to attract more people

Some recent surveys suggest Americans, especially young ones, are wary of a coronavirus vaccine. The anti-vaccine movement is capitalizing on this skepticism, including at a... Read more ...

The script has flipped from debt binges to equity sales - and Wall Street's...

The script has flipped from debt binges to equity sales - and Wall Street's making bank either way

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. If you aren't yet a subscriber to... Read more ...

Supplements and vitamin sales are up 30% in the pandemic. Analysts reveal...

Supplements and vitamin sales are up 30% in the pandemic. Analysts reveal the companies that will reap the benefits

There's no treatment to stave off the coronavirus, but the vitamin market is booming as Americans continue to seek out health supplements and immunity boosters like vitamin C... Read more ...