https://edition.cnn.com/2020/05/22/b...tcy/index.html
Europe, Australia and Nw Zealand are not included according to a Dutch newspaper
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https://edition.cnn.com/2020/05/22/b...tcy/index.html
Europe, Australia and Nw Zealand are not included according to a Dutch newspaper
It' filed under Chapter 11 so more for protection purposes while they restructure.
The US fleet and operations are financed and run in a different way to the European, Australian and New Zealand operations and it's the US operations that have caused the issues.
European and Australia/New Zealand parts of Hertz are discussing an organisational separation so they can continue trading in their own way.
It will be interesting to see how that goes.
I fear there will be many more dominoes that topple ...
Many companies will file, clear their debts and start again. It’s the debts that won’t get paid.
I fear that it's going to get bad with more and more companies that go the same way. Big brands will be OK, but the smaller ones will go for ever.