News | Business
24 Dec 2025 18:08
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      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
     24 Dec: Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch
     24 Dec: Purse strings appear to be tight this Christmas Eve - as last minute-shoppers hit the stores
     24 Dec: Pressure builds on Milano Cortina organisers amid climate concerns and funding issues
     24 Dec: Scepticism about a free trade agreement with India, less than a year out from the election
     24 Dec: A jury's ordered US pharmaceutical giant Johnson and Johnson to pay more than 2.5 billion dollars - to a woman who blamed it for causing her cancer
     24 Dec: This year's Christmas spread could cost a bit more to put on tomorrow
     24 Dec: Rising prices could be prompting Kiwis to change their Christmas spread
     Top Stories

    RUGBY RUGBY
    Aussie surprise packet Joe Comito has lost his second round World Darts Championship clash against Northern Ireland's Josh Rock in London More...

    BUSINESS BUSINESS
    Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch More...


     Today's News

    		 Health & Safety:
    Extreme caution's being urged to users of synthetic cannabinoids, especially in Auckland 18:07

     Entertainment:
    Dick Van Dyke's wife Arlene Silver is scared to leave the house after being "stalked" 17:50

     Entertainment:
    Rob Reiner's home was full of "love" just weeks before he was killed along with his wife Michele, according to a movie industry pal 17:20

     Business:
    Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch 16:57

     Entertainment:
    Sir Andy Murray broke down in tears admitting he was "really upset" by his friend Sir Chris Hoy's "cruel" cancer diagnosis 16:50

     Law and Order:
    Four people have been arrested and 22 fined after a convoy of around 200 boy-racers attempted to set up multiple meets in Wellington last night 16:27

     Entertainment:
    Jeremy Allen White spends his free time "fantasising" about real estate 16:20

     Entertainment:
    Buck Rogers star Gil Gerard has died just days after being diagnosed with a "viciously aggressive" form of cancer 15:50

     Living & Travel:
    Christmas festivities return to Bethlehem after two years as Palestinians hope for 'better future' 15:47

     Business:
    Purse strings appear to be tight this Christmas Eve - as last minute-shoppers hit the stores 15:37

     News Search




    Power Search

    © 2025 New Zealand City Ltd