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17 Jul 2025 12:24
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      Home > News > Business

    Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel

    Rental car company Hertz has filed for bankruptcy, unable to withstand the COVID-19 pandemic that has crippled global travel


    The 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 US Bankruptcy Court.

    Starting in mid-March, the company lost all revenue when travel shut down because of the pandemic, and it started missing payments in April.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    		 International:
    Taiwan runs largest defence drills in preparation for Chinese attack 12:17

     Entertainment:
    Liev Schreiber was inspired to become an actor by his passion for clowns and the circus as a child 12:10

     Business:
    The number of New Zealanders on a benefit is on the rise 12:07

     International:
    Donald Trump calls supporters 'weaklings' as MAGA's Epstein backlash grows 12:07

     National:
    From Sister Rosetta Tharpe to Ronnie Yoshiko Fujiyama: how electric guitarists challenge expectations of gender 12:07

     Entertainment:
    Nicole Scherzinger's first solo performance in the UK in 13 years has sold out in just over one day 11:40

     Entertainment:
    Jennifer Aniston's rumoured lover Jim Curtis gushed about the new "love" in his life after the pair were spotted getting cosy on vacation 11:10

     Rugby:
    How much have the All Blacks selectors tinkered for Saturday's third test against France? 11:07

     Living & Travel:
    Tomorrowland's main stage catches fire days before festival's start 11:07

     Environment:
    Alaska has been rattled by a magnitude 7.3 earthquake, about 20 kilometres deep - prompting a local tsunami warning 11:07

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