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3 Dec 2025 21:50
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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

    		 Rugby:
    MARK ROBINSON 21:17

     Law and Order:
    SIR BRIAN ROCHE 21:17

     Business:
    MIKE HOSKING BREAKFAST THURSDAY 4TH DECEMBER 21:17

     International:
    Is it better to sleep naked or wear pyjamas in summer? 21:07

     Health & Safety:
    Five new measles cases have been identified 18:57

     Business:
    Air New Zealand says strike action planned for next Monday is off for many cabin crew, but some are still planning to walk off the job 18:37

     National:
    Coral reefs have orchestrated Earth’s climate for 250 million years 18:17

     International:
    Michael and Susan Dell donate nearly $10 billion to 'Trump accounts' for children 18:17

     Law and Order:
    Auckland restaurateur Leo Molloy says he'll pay the fine the Veterinary Council's imposed - for breaching name suppression of the murderer of British backpacker, Grace Millane 18:07

     National:
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