Hiper in administration

The car-hire sector, the one that has caused and is still causing much heat because of increased rental charges, has received a bit of a shock. Hiper, considered the leading Mallorcan car-rental company, has gone into administration (the meaning, effectively, of “concurso voluntario de acreedores”). Resolution with banks is hoped for – within two weeks – and the company is continuing to operate. One to watch.