This Giant Car Rental Gives Up Due to the Pandemic

The Corona Covid-19 pandemic has hit various industry lines. One of Car Rentals Miami, is the automotive market, which turns out to not only affect the sale of cars or motorcycles, but also the car rental business.

In fact, the giant car rental, Hertz, finally went bankrupt, after surviving for some time in the midst of the epidemic conditions that are still happening in various parts of the world, including the United States.

Launching Automotive News, Hertz filed for bankruptcy level 11. Even though it can still operate, and hopes to find a way to recover, by paying off debt, the owner is pessimistic because the car rental business in the midst of the pandemic is very worrying.

The company now has US$1 billion in cash or equivalent to Rp14.8 trillion to run its business, including Hartz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen.

Meanwhile, the company’s assets totaled US$25.8 billion with US$24.4 billion in debt with the largest creditors, including IBM Corp and Lyft Inc.

Forced to Sell Car

Launching Automotive News, Hertz filed for bankruptcy level 11. Even though it can still operate, and hopes to find a way to recover, by paying off debt, the owner is pessimistic because the car rental business in the midst of the pandemic is very worrying.

The company now has US$1 billion in cash or equivalent to Rp14.8 trillion to run its business, including Hartz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen.

Meanwhile, the company’s assets totaled US$25.8 billion with US$24.4 billion in debt with the largest creditors, including IBM Corp and Lyft Inc.

This Car Rental Runs Aground Due to Corona Covid-19

The Corona virus or Covid-19 pandemic has really hit various lines of industry. One of them, is the automotive market, which turns out to not only affect the sale of cars or motorcycles, but also the car rental business.

In fact, the giant car rental, Hertz, finally went bankrupt, after surviving for some time in the midst of the epidemic conditions that are still happening in various parts of the world, including the United States.

Launching Automotive News, Hertz filed for bankruptcy level 11. Even though it can still operate, and hopes to find a way to recover, by paying off debt, the owner is pessimistic because the car rental business in the midst of the pandemic is very worrying.

The company now has US$1 billion in cash or equivalent to Rp14.8 trillion to run its business, including Hartz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen.

Meanwhile, the company’s assets totaled US$25.8 billion with US$24.4 billion in debt with the largest creditors, including IBM Corp and Lyft Inc.

Hertz owns a fleet mostly made by General Motors, as much as 21 percent. Fiat Chrysler (18 percent), Ford (12 percent), Kia (10 percent), Toyota (9 percent), Nissan (7 percent), and Hyundai (5 percent), according to the filing. Currently, the number of its fleet is more than 500 thousand units in the United States and 200 thousand units in other countries.

For information, to stay in business, Hertz sold part of its fleet, but still could not cover the losses because the selling price of used vehicles also decreased by 34 percent during Covid-19.

AF CAR RENTAL JOHOR | Chauffeur & Leasing Services Johor Bahru Excellent  Choice Of Wheels

Finding a rental car from or to the airport is getting easier

Movic, which is a vehicle rental marketplace application from PT Astra Digital Internasional, offers a new service called Airport Rent. This service is to deliver people from or to the airport (airport).

“Movic is here to facilitate the mobility of Indonesian people, especially those who frequently travel out of town. At the airport, Movic provides an easier Airport Rent service and provides satisfaction for the community in dropping off and picking up at the airport, the price includes toll fees and parking at the airport, Chief Astra Digital Djap Tet Fa said in his official statement.

Currently, Movic Airport Rent is available at seven international airports spread across major cities in the country. The seven airports are Soekarno Hatta (Jakarta), Halim Perdanakusuma (Jakarta), Adisucipto (Yogyakarta), Achmad Yani (Semarang), Kasim II (Pekanbaru), Husein Sastranegara (Bandung) and Hang Nadim (Batam).

Using this service is as easy as ordering a taxi online. The reason is, the Movic application is available and can be downloaded on smartphones based on Android and iOS.

With Airport Rent, people can travel from their homes, apartments, offices, and so on, directly to the airport or vice versa.

Especially at Soekarno-Hatta Airport, Movic Airport Rent is available at the arrival terminal, to be precise at Terminals 1, 2, and 3. In addition, Movic has also become an official partner with Golden Bird.

Variety of Vehicle Options

For your information, the Movic application can be enjoyed in 47 cities throughout Indonesia. This application has a wide selection of desired vehicles ranging from commercial vehicles, buses, to cars.

The car rental facilities offered also vary, ranging from using a driver or removing the key with a choice of duration available from 6, 12, to 24 hours (1 day).

Not only that, traveling with Movic is even more safe and comfortable with life insurance protection from Astra Life.