Avis Budget Group News

Maserati Ghibli joins Avis luxury fleet for 2015
Avis Car Rental has announced the addition of the Ghibli, Maserati’s newest creation, to its United States rental fleet, now available at select Avis locations. The 2015 Maserati Ghibli is an extraordinary sports sedan featuring a 3.0-liter, twin-turbocharged V6, an engine designed to achieve even lower fuel consumption and emissions while delivering stunning performance. The result is outstanding versatility in terms of use, combined with extremely impressive torque and 345 horsepower.

Avis Budget Group expands social media initiative
Avis Budget Group is expanding its presence on social media. The Company today announced that it has launched local Facebook, Foursquare and Google Places pages for each of its Avis Car Rental, Budget Car Rental and Budget Truck Rental facilities in the United States and Canada.

Avis adds three states to car sales program
Residents of the Bay State, the Buckeye State and the Volunteer State can now test drive and purchase well-maintained, late-model vehicles at competitive prices. Avis Budget Group today announced that its consumer car sales program is available in Massachusetts, Ohio and Tennessee.

Avis Budget Group to offer SiriusXM
Avis Budget Group announced today that SiriusXM is now available to a majority of Avis Car Rental and Budget Car Rental customers via factory-installed satellite radios. The new offering gives customers even easier access to commercial-free music, premier sports talk and live events, comedy, news, exclusive talk and entertainment, and the most comprehensive Latin music, sports, and talk programming in radio.

Avis Budget Group commits to British Airways deal
Following a successful partnership of 15 years, Avis Budget Group and British Airways have announced a new multi-year exclusive global partnership agreement for the continued supply of Avis Car Rental to British Airways customers – which also gives the option of bringing the Budget brand into the portfolio during the lifetime of the agreement.

New UK leadership for Avid Budget Group
Avis Budget Group has announced the appointment of Mark Servodidio as managing director for the UK. Servodidio will be responsible for driving further success across the UK business, overseeing revenue generation including the B2B, consumer and intermediary business, operations and fleet management with responsibility for more than 1,250 employees.

Avis adds payless car rental to exclusive relationship with AARP
Avis Budget Group, Inc today announced that it has expanded its exclusive, multi-year agreement with AARP to include Payless Car Rental, which will now be offered to AARP members in addition to Avis Car Rental, Budget Car Rental and Budget Truck Rental. In July, Avis Budget Group became the exclusive car rental provider for AARP, which has more than 37 million members.

Jeanette Harper, Head of International Partnerships, Avis Budget EMEA
Jeanette Harper talks to Breaking Travel News at World Travel Awards Asia & Australasia Gala Ceremony hosted at the Anantara Dubai The Palm Resort & Spa on 1st October 2013.

Avis Budget Group profits dip in Q2 2013
Avis Budget Group today reported results for its second quarter ended June 30, 2013. For the quarter, the Company reported revenue of $2.0 billion, a 7% increase compared with the prior-year second quarter. Excluding certain items, Adjusted EBITDA declined 33% to $179 million.

Avis Budget Group appoints new member to board of directors
Avis Budget Group, Inc, a leading provider of vehicle rental services, today announced the appointment of Jeffrey H. Fox to its Board of Directors effective immediately. Mr. Fox fills a newly created seat and will serve for a term scheduled to end at the 2014 annual meeting of stockholders. With the addition of Mr. Fox, the Company’s Board is now comprised of ten members.

Avis Budget Group acquires Payless Car Rental
Avis Budget Group has confirmed it has acquired Payless Car Rental, the sixth largest car rental company in North America, for approximately $50 million in cash. The addition of the Payless brand will give Avis Budget Group a strong position in the fast-growing deep-value segment of the car rental industry.

Avis Budget Group EMEA celebrates 16 years of being greener
Avis Budget Group EMEA marks 16 years of maintained CarbonNeutral® certification after releasing latest emissions figures from its CarbonNeutral® program. In 2013, the company will offset 12,661 metric tonnes of carbon dioxide equivalent emissions (tCO2e), which is equal to its operational footprint for the year, bringing the total emissions offset since 1997 to 198,578 tCO2e.