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Articles tagged “bankruptcy”

Ground Transport

New Hertz CEO Will Be Ex-Goldman Sachs Finance Chief Stephen Scherr

Hertz's next CEO has his work cut out for him in remaking the company. The car rental firm's transformation plan sounds good on paper, but it will be up to Stephen Scherr to turn vision into reality.

Dennis Schaal | 2 years ago

New Hertz CEO Will Be Ex-Goldman Sachs Finance Chief Stephen Scherr

Business Travel

CWT Emerges From Bankruptcy With $100 Million to Invest in Business Travel Tech

A milestone in the agency's transformation saga, which could see its new owners opt to acquire other technology players, and target mid-size customers, as part of its post-pandemic rehabilitation.

Matthew Parsons | 2 years ago

CWT Emerges From Bankruptcy With $100 Million to Invest in Business Travel Tech

Business Travel

Corporate Travel Giant CWT to File for Chapter 11 Bankruptcy Protection

The travel agency joins Hertz, Worldstrides and several airlines in taking this particular route to weather the financial storm caused by the pandemic.

Matthew Parsons | 3 years ago

Corporate Travel Giant CWT to File for Chapter 11 Bankruptcy Protection

Coronavirus

The Airline Failures and Bankruptcies So Far in the Pandemic

Given air travel's standstill in 2020, and the impact of new Delta variant scares, you might think this list would be longer. Still, seeing the airline casualties together like this is pretty staggering.

Tom Lowry, Skift | 3 years ago

The Airline Failures and Bankruptcies So Far in the Pandemic

Coronavirus

Philippine Airlines Enters Bankruptcy After Finances Crushed by Covid Crisis

Can we expect to see more carriers in Asia follow suit as the pandemic lingers across the region?

Sabahatjahan Contractor, Reuters | 3 years ago

Philippine Airlines Enters Bankruptcy After Finances Crushed by Covid Crisis

Ground Transport

Hertz Puts Bankruptcy Behind It With Transformational Plans

Hertz's new ownership has grand plans to remake the car rental firm. Over the next few years, you'll find out if that really happened depending on your experience at an airport car rental counter near you.

Dennis Schaal, Skift | 3 years ago

Hertz Puts Bankruptcy Behind It With Transformational Plans

Tourism

Italy’s Alitalia Replacement Won’t Be Ready Until After Summer Now

Ryanair and easyJet are primed to take full advantage of Europe's reopening. If Italia Trasporto Aereo's launch is further held up by bureaucracy, it misses a major opportunity.

Francesca Landini, Reuters | 3 years ago

Italy’s Alitalia Replacement Won’t Be Ready Until After Summer Now

Ground Transport

Hertz Bidding War Escalates With Revised Bid From Certares

After two bids, and now a revised bid, the bidding war to lead Hertz out of bankruptcy is heating up. The proverbial ball is in Hertz's court at the moment.

Shreyasee Raj and Ankit Ajmera, Reuters | 3 years ago

Hertz Bidding War Escalates With Revised Bid From Certares

Ground Transport

Hertz Selects Centerbridge to Lead Its Reorganization From Bankruptcy

Suddenly Hertz, the beleaguered car-rental firm forced into bankruptcy, is being wooed like it's the last case of Budweiser on a deserted island. Investors see opportunity in an emerging new Hertz.

Dennis Schaal, Skift | 3 years ago

Hertz Selects Centerbridge to Lead Its Reorganization From Bankruptcy

Ground Transport

Travel Investor Certares’ Plan to Be Kingmaker in Hertz Reorganization Hits a Snag

Despite the inroads ridesharing companies, such as Uber and Lyft, have made against the car rental giants, Hertz's re-emergence from bankruptcy is now triggering a bidding war. Ridesharing and car rentals often have different use cases, but it's never too late for legacy players to mimic, partner, and otherwise adapt.

Dennis Schaal, Skift | 3 years ago