Thursday, December 11, 2008

Advantage Rent A Car Files For Bankruptcy

On Monday, San Antonio-based Advantage Rent A Car announced it had filed for Chapter 11 bankruptcy protection. Citing the sluggish economy and a drop in leisure travel, among other reasons, the company says it will explore strategic alternatives, including a reorganization, sale, or merger to maintain operations.

The company said it will layoff 440 employees and close 21 rental locations nationwide, including a few in Southern California, keeping only its most profitable stores.

In most cases, customers with upcoming Advantage reservations at affected locations will have their reservation transferred to Hertz Car Rental. If you have questions relating to the closed locations call: 1-888-846-0808.