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11 Jan 2026 12:40
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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.

    © 2026 Newstalk ZB, NZCity

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     09 Jan: A warm welcome for significant changes to laws for earthquake-prone buildings
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     Today's News

    		 Law and Order:
    Eloise Worledge was snatched from her bed. 50 years on her aunt is still looking for answers 12:37

     Soccer:
    Liverpool's Mo Salah has scored the decisive goal as Egypt eliminated defending champions Ivory Coast to move into the Africa Cup of Nations semi-finals with a 3-2 victory 12:27

     Entertainment:
    Amy Schumer has filed for divorce from Chris Fischer 12:23

     International:
    The bombs in Afghanistan have stopped but its people now live under Taliban decrees 11:57

     Accident and Emergency:
    Search efforts are continuing this morning for a missing swimmer in the Waikato River 11:57

     Entertainment:
    Sydney Sweeney believes she was friends with a ghost 11:53

     Tennis:
    Elina Svitolina is already labelling her return tennis tournament a success after breezing into today's ASB Classic final 11:47

     Cricket:
    Kristian Clarke will mark out his run-up for the first time in international cricket when the Black Caps begin their white-ball tour of India tonight 11:37

     International:
    Australia wins World Cross Country Championships relay gold after Jessica Hull's anchor leg 11:27

     Entertainment:
    Kevin Hart has signed away the rights to his name 11:23

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