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NEW YORK/SINGAPORE: The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Saturday (May 23) after its business was decimated during the Covid-19 (coronavirus) pandemic and talks with creditors failed to result in much needed relief.
Hertz's board earlier in the day approved the company seeking Chapter 11 protection in a US bankruptcy court in Delaware, according to court records. Its international operating regions including Europe, Australia and New Zealand were not included in the US proceedings, the company said.
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