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Hertz Files for Bankruptcy After Rental-Car Demand Vanishes
8 monthes ago | By Bloomberg
Hertz Global Holdings Inc. filed for bankruptcy in Delaware after sweeping travel restrictions and the global economic collapse destroyed demand for its rental cars.
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Hertz files for bankruptcy
8 monthes ago | By Boston Herald
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business.
The Estero, 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 U.S. Bankruptcy Court in Delaware.
By the end of March, Hertz Global Holdings Inc. had racked up $18.7 billion in debt with only $1 billion of available cash.
Starting in mid-March, the company - whose car-rental bands also...
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Hertz files for bankruptcy protection
8 monthes ago | By WLWT
Rental car company Hertz has filed for bankruptcy protection. It's another blow to business amid the pandemic.
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Hertz, Car Rental Pioneer, Files for Bankruptcy Protection
8 monthes ago | By NY Times
The company, which had amassed a large debt, has been devastated by the sharp drop in travel during the pandemic.
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Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
8 monthes ago | By Reuters
The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with creditors failed to result in needed relief.
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