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26 Dec 2025 9:41
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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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     25 Dec: Whitney Hansen will mix business with relaxation over the Christmas break
     25 Dec: US and Ukraine reach consensus on key issues to end war with Russia but territorial disputes remain
     24 Dec: Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch
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    BUSINESS BUSINESS
    Some good news on the horizon for cattle and sheep farmers More...


     Today's News

    		 Business:
    Some good news on the horizon for cattle and sheep farmers 9:27

     Entertainment:
    Erika Jayne claims her estranged husband Tom Girardi is yet to divorce her because he is "incompetent" 9:20

     Entertainment:
    Idris Elba is "honoured" to have a Madame Tussauds waxwork 8:50

     Entertainment:
    Pete Davidson and his girlfriend Elsie Hewitt have welcomed a baby girl into the world 8:20

     Boxing:
    Delight for Australian cricketer Scott Boland to have another opportunity to impress in a Boxing Day Ashes test at his beloved home ground 8:17

     Law and Order:
    Turkish counter-terrorism police have detained more than than 100 suspected members of the Islamic State group, allegedly planning Christmas and New Year's attacks 8:16

     Environment:
    More than 2100 people have reported being rattled by a magnitude 4.7 earthquake in the lower North Island, about quarter past 7 8:07

     Business:
    The Prime Minister describes tariffs as the toughest part of 2025 7:56

     Entertainment:
    Justin Bieber surprised his fans by covering Eminem's big hit Forgot About Dre on a recent Twitch livestream 7:50

     Boxing:
    Australia will wait until the toss at midday to confirm the final spots in their playing 11 for the Boxing Day cricket test against England 7:47

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