Jucy campervans parked up at the company’s rental base at Christchurch airport in early May 2020. Receivers said the border closure was a major contributor factor in the Jucy Group’s financial difficulties. The Jucy rental car and campervan group of companies owed $44m to ASB bank when receivers were appointed late last year. Receivership documents said the group, which included Jucy Group, Jucy Rentals, Jucy Holdings and Jucy by Design, was heavily affected by the Covid-19 related border closures and travel restrictions. This process led to negotiations with Colin Neal’s Polar Capital which purchased a majority stake in Jucy Group’s rental businesses in New Zealand and Australia.

Source: Stuff February 16, 2021 23:56 UTC