All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Corporate BondsHigh yield

Between bankruptcy and bailout: a tale of three rental firms

Hertz adobe stock 575x375

Hertz, Avis and Europcar are all facing the same problem. Nobody is travelling, and so nobody is renting cars. Vast airport car parks full of ready-to-go rental cars stand idle, and cash flows at all three companies have stopped almost dead. But they have fared very differently — from near-bankruptcy to leaning hard on government.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree