Thread regarding Hertz layoffs

Restructure plan?

Anyone from Estero with info on restructure plan? Everything has been too silent and VPs keep saying we're about to come out of bankruptcy soon.

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| 1305 views | | 4 replies (last September 30, 2020) | Reply
Post ID: @OP+17aiddUW

4 replies (most recent on top)

Do you not see how high on utilization you all have been? September was a rocking month, Q4 will be even stronger.

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Post ID: @2rmy+17aiddUW

There is going to be some real good prices soon on used cars. Can't wait for the liquidation to start.

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Post ID: @whf+17aiddUW

Liquidation

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Post ID: @vjk+17aiddUW

I was thinking the exact same thing. It's been too quiet on the Chapter 11 progress. Revenue is still hurting with no sign of improving and the $1 billion cash on hand should be close to being exhausted. Nothing in the news either lately other than the aborted attempt to garner additional executive bonuses. How can VPs espouse exiting bankruptcy considering they still have $20+billion debt burden to deal with? Just sayin....

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Post ID: @pov+17aiddUW

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