The Car and Truck Fleet and Leasing Management Magazine

Some U.S. Car Rental Companies Seek Loan Package

October 9, 2001

Some U.S. car rental companies are requesting for a five-year, $1.5 billion loan guarantee package similar to what the airlines received after the Sept. 11 attacks, according to the New York Times. The plan is promoted by ANC Rental Corp., the parent of National and Alamo, and is supported by Budget Rent A Car and Dollar Rent A Car Systems, which includes Thrifty Car Rental, the newpaper said. But the plan is opposed by Hertz Corp., Avis Rent-A-Car Systems, and Enterprise Rent-A-Car, the newspaper said. While car rental traffic has shown improvement in the last three weeks, business remains 25-35 percent down, according to the newspaper.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All

 

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Sponsored by

Annual award from Fleet Financials Magazine to a fleet executive who exhibit excellence and innovation in cost-saving initiatives, policy setting, innovative programs, and cultivation of fleet manager training and management

 

Read more

Up Next

More From The World's Largest Fleet Publisher