Concordat Application from Hertz

A concordat application has been made from the US car rental company Hertz. In the statement made by the company, it was reported that the coronavirus had applied for a concordat because it had a negative impact on the economy. According to the statement made by the US-based car rental company Hertz, there was a sudden drop in the company's revenues and future bookings due to the severe impact of the coronavirus outbreak on the travel industry. In the statement, it was stated that the company started to prevent all non-mandatory expenditures and to maintain liquidity, and the uncertainty in the market continues. It has been reported that the company and some companies in the USA and Canada have applied for a concordat. In the statement, it was stated that Hertz and its affiliates will remain open and serve their customers, and it is estimated that all programs will continue as usual. However, it was announced that Hertz's operations in Europe, Australia and New Zealand were not included in the concordat application in the USA.