Tagged Avis Budget Group
June 15, 2011 in Rental Operations
Fitch believes the acquisition is a good and complementary strategic fit, strengthens the company's competitive position within the sector and adds diversity to the revenue stream.
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June 14, 2011
Purchase price is approximately $1 billion total. “While Avis Budget will continue to monitor the Dollar Thrifty situation, the Company's focus squarely will be on completing and integrating the significant acquisition of Avis Europe,” according to a press statement by the companies.
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June 3, 2011
Concessions regarding a merger with Dollar Thrifty called “manageable.” Full FTC report has not yet been released.
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May 18, 2011 in Rental Operations
Avis and Budget to become exclusive car rental partners for MGM Resorts’ M life loyalty program.
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May 16, 2011 in Rental Operations
To help win regulatory approval, the German car rental firm is in talks to take some of the business from an Avis Budget/Dollar Thrifty merger, according to the New York Post.
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By Chris Brown , May 2011
How are high fuel prices and the Japan crisis affecting supply and demand for car rental?
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May 4, 2011 in Rental Operations
Avis Budget Group reports net income of $7 million in the first quarter of 2011, compared with a year-earlier loss of $38 million. Revenue rose 7 percent to $1.24 billion.
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By Chris Brown , April 2011 in Rental Operations
On their fourth quarter and full-year 2010 earnings calls, the three public car rental companies look into the crystal ball on prepaid rentals, franchising, new remarketing channels and growth opportunities.
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April 20, 2011 in Rental Operations
Hertz, Avis Budget, Dollar Thrifty and Zipcar will hold conference calls on April 27, May 4, May 5 and May 11 respectively.
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March 22, 2011 in Remarketing
Avis Budget Group and OPENLANE Inc. enhanced the remarketing website to allow dealers to search, bid and buy VIN-specific vehicles with full condition reports provided by AIM.
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