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Eurazeo Wants Out of Europcar
The investment firm is looking to sell its 29.8% stake in Europcar by September. If a new owner doesn’t emerge, the company would enter talks on a debt restructuring deal.
The investment firm is looking to sell its 29.8% stake in Europcar by September. If a new owner doesn’t emerge, the company would enter talks on a debt restructuring deal.
Affiliates have been added in in Miami, Richmond, Va., St. Maarten, Romania, Puerto Rico, and Mexico.
One location in Melbourne is located at the Pullman Melbourne Hotel, and another in Sydney at the Crowne Plaza Coogee Beach.
The settlement suspends litigation with debtors. Hertz agrees to pay $650 million and dispose of at least 182,521 leased vehicles by December 31.
The move comes as the company takes on multiple growth initiatives during China’s post-COVID 19 recovery.
Avis will host a conference call for institutional investors to discuss these results on July 29 at 8:30 a.m. Eastern time.
The RateGain-Thermeon-Bluebird partnership will provide a solution suite comprising an end-to-end seamless automated pricing management, CRS, rental software, and revenue management solutions helping users revenue and pricing teams track and react to changing market conditions faster and with data-based actionable insights.
The man, 39-year-old Marcus Catalin Rosu, a Southern California resident and Romanian citizen, was arrested July 11 at Alaska’s Ted Stevens Anchorage International Airport.
While Portuguese tourists can help revive the hotel and restaurant industry, car rental relies primarily on foreign tourists.
Carsharing companies are filling this need, due to low costs, ease of booking, and abundance of vehicles.
The former CEO of the Global Business Travel Association leaves his post after an investigation into professional work conduct allegations against him.
Move Mee's contactless car rental platform provides customers with real-time registration and verification, and allows them to skip the dreaded rental queue in its entirety and go straight to their car on arrival at their destination.
Move Mee is working with Zotalis Group to open the service at Athens International Airport and a number of locations in downtown Athens.
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.4% comparing the first 15 days of July to the month of June, according to data published by Manheim.
A dragged-out post-lockdown recovery, a huge debt pile, and the potential for zero recoveries for unsecured creditors make the Hertz bankruptcy a likely liquidation, says Wall Street analyst Girish Bhise.