Avis Budget Group News
Avis Budget Group welcomes trade-ins to car sales program
Avis Budget Group, Inc. today announced that its Ultimate Test Drive program, the Company’s car sales initiative, now accepts trade-in vehicles.
Avis Budget Group offers more language options
Avis Budget Group has revealed that Avis Car Rental and Budget Car Rental customers can now receive their rental agreement translated into a more convenient language.
New aviation partner for Avis Budget
Avis Budget has joined forces with Turkish Airlines to create an exclusive new service to make it easier for customers to organise their travel arrangements. The new partnership will see the launch of Fly & Drive, an online service that will enable both business and leisure travellers to buy flight tickets and arrange car hire with Avis Car Rental and Budget Car Rental through Turkish Airlines’ official website.
Fitch upgrades Avis Budget Group’s ratings
Fitch Ratings has upgraded the Issuer Default Rating (IDR), senior secured, and senior unsecured ratings of Avis Budget Group, Inc. (ABG) and its various Fitch-rated subsidiaries following the completion of its auto rental and fleet leasing peer review. The Rating Outlook is Stable.
Avis Budget Group’s pending acquisition of Zipcar receives U.S. antitrust clearance
Avis Budget Group, Inc and Zipcar, Inc, the world’s leading car sharing network, today announced that the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on February 11, 2013 in connection with Avis Budget’s previously announced agreement to acquire Zipcar.
Avis Budget Group narrows loss in fourth quarter
Avis Budget Group has reported a revenue of $1.7 billion for the fourth quarter, a 4% increase compared with the previous year. The company acquired Avis Europe in 2011.
Avis Budget snaps up Zipcar for $500m
Car rental giant Avis Budget Group has revealed it will buy smaller rival Zipcar for $500 million in cash. The move will allow Avis Budget to enter the fast-growing United States car-sharing market.
Avis Budget Group honored as one of top 100 companies for U.S. Veterans
Avis Budget Group, Inc. has been recognized as one of America’s top employers for U.S. veterans. The Company’s achievements in recruiting and employing veterans were recently featured in G.I. Jobs Top 100 Military Friendly Employers list for 2013 and U.S. Veterans Magazine’s list of Top 100 Companies Recruiting Veterans.
Avis Budget Group in ski focus
Avis Budget Group and mountain resorts developer Intrawest have entered into a multi-year partnership agreement. As part of the deal, Avis Car Rental and Budget Car Rental will be designated as the “official rental car” of Intrawest’s properties across North America.
Avis Budget Group honors Avis South Africa as outstanding licensee
Avis Budget Group, Inc. announced that it has named Avis South Africa as the Avis Licensee of the Year for Europe, the Middle East and Africa (EMEA) in recognition of its ongoing commitment to providing customers with world-class products and services and for responsible corporate citizenship.
Avis Budget Group expands business support center in Budapest
Avis Budget Group, Inc. announced the addition of 235 new positions to its Business Support Center (BSC) in Budapest, Hungary. The expansion will streamline financial, administrative and customer-service processes for the Company’s Europe, Middle East and Africa (EMEA) region and provide Avis Budget Group with significant cost savings.
Avis Budget Group expands business support center in Budapest
Avis Budget Group, Inc. announced the addition of 235 new positions to its Business Support Center (BSC) in Budapest, Hungary. The expansion will streamline financial, administrative and customer-service processes for the Company’s Europe, Middle East and Africa (EMEA) region and provide Avis Budget Group with significant cost savings.