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23 Nov 2025 10:42
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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
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     20 Nov: Our largest sheep-meat exporter, Alliance Group, has returned to profit - as it prepares for the arrival of a new majority owner
     20 Nov: WA Energy retailers overcharging
     20 Nov: The world's most valuable company - Nvidia is easing fears of a bursting AI bubble, at least for now
     Top Stories

    RUGBY RUGBY
    Captain Scott Barrett is praising the fresh faces for injecting some enthusiasm into the All Blacks for the season-ending 52-26 win over Wales in Cardiff More...

    BUSINESS BUSINESS
    Meat exports have reached a record high, despite Donald Trump's recently-scrapped tariffs More...


     Today's News

    		 Rugby:
    Captain Scott Barrett is praising the fresh faces for injecting some enthusiasm into the All Blacks for the season-ending 52-26 win over Wales in Cardiff 10:27

     Rugby:
    Wallabies vs France Test live blog — scores, stats and updates from Stade de France 10:07

     Living & Travel:
    ???1;Consultation on the future of Auckland's AF Thomas Park closes today 10:07

     Law and Order:
    Authorities are continuing to search for a Tauranga man, who's been missing since Thursday night 9:27

     Entertainment:
    Tori Kelly has given birth to her first child 9:25

     Entertainment:
    Jeremy Renner's lawyer has insisted he and Yi Zhou have not resolved their conflict 8:55

     Auckland:
    Police and a fire investigator's at a nightclub on Auckland's Karangahape Road, after a blaze sparked up in the basement early this morning 8:47

     International:
    Donald Trump says he would be 'proud' to take down Mexico's cartels. Will he send in the US military? 8:27

     Entertainment:
    Kim Kardashian broke down in tears with the pressure of studying for her legal exams 8:25

     International:
    Palestinians scramble to save centuries-old books and manuscripts before they are lost 8:17

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