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5 Jul 2020 9:19
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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


     Other Business News
     05 Jul: There's been a large fire in a multi-storey building in a commercial area of Dunedin
     03 Jul: More funding has been announced for the arts sector ..
     03 Jul: There's a lot of uncertainty facing the country's shovel-ready projects
     03 Jul: Beauden Barrett's set to exercise a sabbatical clause to play rugby for the Suntory club in Japan
     03 Jul: It's the coldest morning of the year for many parts of the country
     02 Jul: Reassurances the United States can't stop us from accessing medication
     02 Jul: Wigan is the latest English football league club to enter administration. It probably won't be the last
     Top Stories

    RUGBY RUGBY
    The Crusaders showed their clinical side en route to beat the Highlanders 40-20 in their Super Rugby Aotearoa match in Dunedin More...


    BUSINESS BUSINESS
    There's been a large fire in a multi-storey building in a commercial area of Dunedin More...



     Today's News

    Entertainment:
    Rob Kardashian has been "taking really good care of himself" in recent months 8:57

    Rugby:
    The Crusaders showed their clinical side en route to beat the Highlanders 40-20 in their Super Rugby Aotearoa match in Dunedin 8:56

    Entertainment:
    Dua Lipa and Anwar Hadid have "made the most" out of their time together in lockdown 8:27

    Motorsports:
    Scott Dixon has claimed his second straight win to start the IndyCar series 8:26

    Living & Travel:
    A female tiger has attacked and killed a 55-year-old zookeeper at Zurich's Zoo 8:06

    Entertainment:
    Sia once stepped in to stop Maddie Ziegler getting on a plane with disgraced movie mogul Harvey Weinstein 7:57

    Basketball:
    The Otago Nuggets have toppled the Canterbury Rams 87-77 in their National Basketball League match in Auckland 7:56

    International:
    Australian researchers find new clues to Genghis Khan's world 7:56

    International:
    Brazil may be just the tip of the iceberg as coronavirus rips through Latin America 7:46

    Netball:
    The Central Pulse's have been pushed by their old rivals in netball's ANZ Premiership 7:46


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