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4 Jun 2020 3:46
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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.

    © 2020 Newstalk ZB, NZCity


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     03 Jun: Efforts to persuade Bunnings to keep seven of its stores open, have fallen on deaf ears
     03 Jun: The free trades training for the next two and a half years
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