Iberia has announced a new partnership agreement with Avis Budget Group, which has become the exclusive car rental partner of the airline’s loyalty programme, Iberia Plus. The partnership launch campaign, We Travel Together, highlights the opportunity for Iberia Plus members to earn Avios for every rental booked.

Avis Budget Group has agreed to acquire Maggiore Group, Italy’s fourth-largest vehicle rental business. The net purchase price will be approximately $170 million, and the transaction is scheduled to close in second quarter 2015, subject to customary closing conditions.

Avis Budget Group, a leading provider of vehicle rental services, today announced that David Wyshner, senior executive vice president and chief financial officer, will present at the upcoming J.P. Morgan High Yield Conference. The event will take place on February 24th, 2015 at 09:00 Eastern time.

Avis Budget Group has said it has completed its previously announced acquisition of its licensee for the Avis and Budget brands in Norway, Sweden and Denmark. The licensee acquired operates both the Avis and Budget brands at major locations throughout the region including Oslo, Stockholm, Copenhagen and Sweden’s Arlanda and Goteberg airports.

Avis Budget Group has announced that its Avis Budget Rental Car Funding subsidiary has completed an offering of $650 million of five-year, fixed-rate asset-backed bonds with a weighted average interest rate of approximately 2.7 per cent. The proceeds of the offering are expected to be used primarily to refinance maturing vehicle-backed debt, which has an average interest rate of approximately 3.6 per cent in 2015, and to support growth of our business.

According to new research from Avis Car Rental UK the key to attracting talent could lie in the type of mobility package offered as part of a contract. Some 39 per cent of potential job seekers reported that the type of company car they are offered significantly influences their decision to join a small business.