On June 30, 2021, Hertz Global Holdings, Inc., the parent company of Hertz, successfully completed its restructuring process and has emerged from bankruptcy as a financially and operationally stronger and more competitive company, well-positioned for the future. We are excited to continue our 103-year legacy as a trusted provider for travelers’ global mobility needs and an integral part of the travel industry.
Hertz filed for Chapter 11 for its U.S operations on May 22, 2020 following the onset of the COVID-19 pandemic, which had a severe and dramatic effect on travel demand. Hertz’s principal international operating regions, including Europe, Australia and New Zealand, were not included in the proceedings.
Thanks to the efforts of our team around the world, we are moving forward in an incredibly strong position with an exciting road ahead of us. With support from our new investor group, Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management, LP, Hertz has a substantially strengthened financial foundation and significantly enhanced liquidity to fund our future growth.
From all of us at Hertz, we sincerely appreciate your business. Your loyalty has made us one of the world’s most iconic companies, and we look forward to helping you travel safely and confidently from our thousands of airport and convenient neighborhood locations.