Advantage Rent A Car to file for bankruptcy

Advantage Rent A Car to file for bankruptcy
Advantage Rent A Car, which was spun off by Hertz Global Holdings Inc as part of a deal to buy Dollar Thrifty, will file for bankruptcy after Hertz terminated lease agreements that provided Advantage with its cars. Shares of Hertz fell as much as 17 …
Read more on Chicago Tribune

Advantage Rent A Car files for federal bankruptcy
advantage-rent-a-car-franchise-opportunities RIDGELAND — Franchise Services of North America Inc.'s (FSNA) wholly owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has filed for U.S. federal bankruptcy protection in …
Read more on Mississippi Business Journal (blog)

Car rental companies keep merging. That might not be such a bad thing.
Earlier in the summer, the Federal Trade Commission sanctioned car rental giant Hertz's $ 2.3 billion acquisition of Dollar Thrifty, under one main condition: It had to sell Advantage, one of its brands, on the theory that a new private equity owner …
Read more on Washington Post (blog)

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