Wednesday, 3 Jun 2020

Pro

Hertz Files for Bankruptcy Protection

One of the oldest car rental companies in the US is filing for bankruptcy protection due to the COVID 19 pandemic. Hertz Global Holdings said in a U.S. court filing on Friday that it voluntarily filed for Chapter 11 reorganization. Its international operating regions including Europe, Australia and New Zealand were not included in the […]

Boeing to Restart Aircraft Production Near Seattle Next Week

Boeing today announced that it will resume all commercial-airplane production operations at its Puget Sound-region facilities, beginning the week of April 20, implementing a phased approach. The major aircraft manufacturer temporarily shut down its facilities last month amid the escalating COVID-19 pandemic, impacting over 70,000 employees. As CNBC pointed out, the closure was intended to […]