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Franchise Services of North America (FSNA) has announced that it received a management cease trade order from the Alberta Securities Commission as a condition for failing to file its audited financial statements.
Read More →The Federal Trade Commission (FTC) has approved an application by Franchise Services of North America Inc. (FSNA) to sell its Advantage Rent A Car business to The Catalyst Capital Group Inc.
Read More →Effective today, Franchise Services of North America Inc. has announced that its wholly-owned subsidiary Simply Wheelz LLC — which does business as Advantage Rent A Car — has determined to cease operations at 30 Advantage locations.
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The United States Bankruptcy Court for the Southern District of Mississippi has declared that Catalyst Group Inc. is the prevailing purchaser in the auction of Franchise Services of North America’s wholly-owned subsidiary, Simply Wheelz LLC (which does business as Advantage Rent A Car).
Read More →Catalyst Capital Group Inc.’s bid for bankrupt Advantage Rent A Car was approved at auction yesterday over the only other bid, from Sixt.
Read More →Two bidders are vying for the bankrupt car rental company.
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After divesting its Advantage Rent A Car brand last year, Hertz is returning to the "deep-value" leisure rental market by expanding its Firefly brand to travelers at select U.S. airports.
Read More →The U.S. Bankruptcy Court has entered an interim order to approve a $20 million line of credit facility for Advantage Rent A Car. Catalyst Capital Group has been named as Advantage's debtor-in-possession financier.
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Advantage Rent A Car will be placed in Chapter 11 bankruptcy Tuesday, after its new owners logged huge auction losses and questioned the book value of 24,000 vehicles acquired from Hertz last year.
Read More →Franchise Services of North America Inc. announces a partnership between Advantage Rent A Car and the global Europcar brand.
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