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FSNA

The court ruled that the bankruptcy was “filed without proper corporate authority," and that a subsidiary of Macquarie Capital, FSNA's largest shareholder, had not consented to the bankruptcy.

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FSNA Opens 7 U-Save Car & Truck Locations

Franchise Services of North America (FSNA) will be opening seven U-Save Car & Truck Rental locations in the U.S. and internationally, including three locations in New Jersey, one location in Florida, one location in Massachusetts and two locations in Jamaica.

Advantage Placed Under Bankruptcy Protection

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.

FTC Issues Final Approval of Hertz-Dollar Thrifty Deal

The modified final order adjusts some of the dates by which Hertz must transfer certain airport rental locations, clarifies some details regarding the possible resale of the divested assets and notification of key staffing changes.

FSNA Completes More Hertz Concession Acquisitions

FSNA opened new rental locations at Pittsburgh International Airport and Hilo International as in-terminal operations, and has also moved pre-existing off-airport operations at Raleigh-Durham International Airport and Charlotte Douglas International Airport to in-terminal operations.

FSNA Reports 2012-2013 First Quarter Revenue

Revenue and the net loss for the 2012 first quarter, which ended Dec. 31, 2012, were $2,586,248 and $1,151,696 respectively. The 2011 first quarter figures were $2,622,397 and a net loss of $340,305.

FSNA’s 2012 Year-End Revenue Down from 2011

The net loss reported by Franchise Services of North America for its 2012 fiscal year includes non-recurring expenses related to the proposed acquisition of the Advantage Rent-A-Car brand.