Advantage Files for Bankruptcy
Advantage closes 21 airport locations in Nevada, Hawaii, California, Western Colorado and Chicago's O'Hare airport; however, 10 sites are still operating, including those at Minneapolis St. Paul International Airport, Chicago Midway and Denver Airport.
Advantage Rent A Car announced Dec. 8 that it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for Minnesota. During this reorganization, the company is exploring strategic alternatives including reorganization of the businesses, a sale or merger. While pursuing strategic alternatives, the company plans to continue to operate its business.
In addition to its primary bankruptcy petition, Advantage also filed a number of motions to assure the continuity and stability of its business, including the payment of wages and benefits without interruption to current employees.
In addition to its Chapter 11 petition, Advantage also announced that it is consolidating its network of rental locations effective immediately. The move allows the company to focus its marketing and operational efforts on its most profitable, highest volume locations.
The following Advantage Rent A Car locations remain open only for the return of vehicles currently out on rental and will not be renting additional vehicles:
Albuquerque, N.M. airport location
Aspen, Colo. airport location
Austin, Texas downtown location
Boulder, Colo. University of Colorado
Burbank, Calif. airport location
Chicago O’Hare airport location
Dallas/Fort Worth airport location
Grand Junction, Colo. airport location
Hayden, Colo. airport location
Honolulu airport location
Kansas City, Mo. airport location
Las Vegas Hard Rock Cafe
Los Angeles airport location
Maui, Hawaii airport location
Palm Springs, Calif. airport location
Reno, Nev. airport location
Rifle, Colo. airport location
San Antonio, Texas airport location
San Diego, Calif. airport location and Hard Rock Cafe
Seattle, Wash. airport location
Tucson, Ariz. airport location
The following Advantage Rent A Car locations remain open for normal business activities:
Austin, Texas airport location
Chicago Midway airport location
Colorado Springs, Colo. airport location
Denver airport location
El Paso, Texas Las Cruces location
El Paso, Texas airport location
Houston, IAH airport location
Orlando, Fla. airport location, International Drive, Lake Buena Vista, Kissimmee
Phoenix airport location
Salt Lake City airport location
Advantage has made arrangements with Hertz Car Rental to honor nearly all of the pending reservations at affected locations where Advantage cannot fill customer needs. Customers holding reservations to pick up a vehicle at an affected location can contact Advantage via the dedicated hotline or e-mail address above or at either its customer service or reservations numbers for more information.
Customers currently renting vehicles scheduled to be returned at affected locations should return their vehicles as scheduled.
Approximately 440 Advantage employees have received layoff notifications as a result of this consolidation. Advantage currently employs approximately 460 people at its remaining locations and at its corporate offices in San Antonio.
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