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15 Dec 2025 13:24
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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

     Other Business News
     15 Dec: The Prime Minister's tempering expectations ahead of the Government's books opening this week
     15 Dec: The pace of supermarket supplier cost increases has eased slightly - but a small number of items are maintaining upwards pressure
     13 Dec: New Zealand's economy is set to expand next year, as several key indicators point to economic recovery
     13 Dec: Cattle farmers are sitting pretty as beef prices remain high - but consumers are feeling the pinch
     13 Dec: Warner Bros Discovery battle draws in billionaires, celebrities and Trump's son-in-law
     12 Dec: Kiwi's look to be opening their wallets wider than before
     12 Dec: Signs that green shoots are starting to flourish economically
     Top Stories

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    A record-breaking swim for Lewis Clareburt in Australia More...

    BUSINESS BUSINESS
    The Prime Minister's tempering expectations ahead of the Government's books opening this week More...


     Today's News

    		 Entertainment:
    Sir Elton John has hit back at social media comments about his "dirty" kitchen 13:20

     Law and Order:
    A woman has been charged in relation to a death in Tauranga over the weekend 13:07

     Entertainment:
    Jessica Simpson "never felt good enough" to be a pop star 12:50

     Law and Order:
    Police are investigating a stabbing that occurred at a Wellington bar over the weekend 12:47

     Soccer:
    Coach Giancarlo Italiano believes the Wellington Phoenix have shown enough promise this season to prove he's on the right track 12:37

     Entertainment:
    Leonardo DiCaprio is still trying to work out the right balance between his personal and professional lives 12:20

     Entertainment:
    Gloria Gaynor was "in shock" to be named as a Kennedy Center honouree 11:50

     Entertainment:
    Ryan Reynolds and Rob McElhenney have sold a stake in Wrexham to a US investment firm 11:20

     Rugby:
    A record-breaking swim for Lewis Clareburt in Australia 11:07

     Entertainment:
    Arlene Silver is "so grateful" to have her husband Dick Van Dyke for company 10:50

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