Budget's Lender Group Approves Amendment to Revolving Credit Facility

Budget Group said that its lender group has approved an amendment to the company's revolving credit facility maturing in 2003, which restores availability up to $550 million.Budget Group will al...

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Thrifty Launches Double-Miles Promotion for Air Canada's Frequent Flier Program Members

Thrifty Car Rental has launched a double-miles promotion for members of Aeroplan, Air Canada's frequent flier program. Members who rent two days or more will receive 1,000 miles per qualifying r...

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Dollar Supports Industry Rate Increase

In response to ANC's new rate increases, Dollar Rent A Car announced plans to raise rates as well.ANC's divisions, Alamo and National, are raising U.S. rates by $3 per day and $20 per week on al...

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Honolulu Offers Lowest Car Rental Rates

Based on an analysis of 100 metropolitan areas nationwide by Runzheimer International, Honolulu has the lowest car rental rates in the U.S. Runzheimer International is a management consulting fi...

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Avis Gets Winning Score in Customer Loyalty Survey

Avis Rent A Car has captured the top industry prize in the third annual Brand Keys 2000 Customer Loyalty Awards, marking the second straight year that Avis has led the rental car field.Avis rece...

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CAR Hosts Manheim Economist Who Will Forecast Used Car Market

Tom Webb, chief economist at Manheim Auctions, is set to forecast used car sales projections at the upcoming Conference of Automotive Remarketing. The conference will be held March 19-21 at the ...

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Budget Sells U.K. Operations

Budget Group has signed a letter of intent to sell its corporate operations in Manchester and Birmingham, England, to Jaeban U.K. Ltd, a current Budget franchisee. Budget said it expects the sal...

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Avis Becomes Partner in US Airways Dividend Miles Program

Avis Rent A Car has become a new partner in the US Airways Dividend Miles program. Under the agreement, Dividend Miles members can earn one mile for every $1 spend on qualifying corporate and go...

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Hertz Declares Quarterly Dividend

The Hertz board of directors declared a quarterly dividend of $0.05 per share on the company's class A and class B common stock, payable on March 9. The dividend applies to shareholders of recor...

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National Offers Time-saving Refueling Option

National, a division of ANC Rental Corporation, has launched a new time-saving refueling option that lets Emerald Club members have their returned car refueled by National service agents at loca...

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CAR 2001 to Feature Thrifty's Himelfarb

Don Himelfarb, president and CEO of Thrifty Rent-A-Car Systems, is set to speak about car rental remarketing issues at the sixth annual Conference of Automotive Remarketing (CAR), scheduled for ...

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Avis Becomes Partner in US Airways Dividend Miles Program

Avis Rent A Car has become a new partner in the US Airways Dividend Miles program. Avis now offers Dividend Miles members opportunities to earn frequent flier benefits when renting a car....

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Dollar Extends 15% Commission for Florida Bookings

The Florida Division of Dollar Rent A Car Systems has extended through July 10 its 15% commission for domestic travel agencies that book leisure rentals with Dollar in Florida. The 15% commissio...

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Avis Launches Web Site for Meeting Planners

Avis Rent A Car has launched a new Web site, www.avis.com/meetings, designed for meeting planners. The site gives meeting planners access to their own customized Web pages for posting individual...

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German Court Rejects Sixt Appeal, Rules in Favor of Budget Group

The German Federal Court of Justice on Feb. 13 rejected an appeal by Sixt GmbH & Co Autovermietung KG. The court upheld a January ruling that Budget's 1997 termination of its licensing agreement...

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ANC Reports $44 Million Fourth Quarter Net Loss

ANC Rental Corporation on Jan. 31 announced a net loss for the fourth quarter 2000 of $44 million, or 98 cents per diluted share, on revenue of $805.1 million. This compares to a net loss of $95...

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Ford, Hertz Reach Agreement on Per-Share Selling Price

Ford Motor Company and the Hertz Corporation announced Jan. 16 they have reached an agreement for Ford to acquire all the publicly held shares of common stock of Hertz at a price of $35.50 per s...

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Dollar Thrifty Automotive Group Announces Revenue Growth in 2000

Dollar Thrifty Automotive Group on Jan. 31 announced record results for the full year 2000. Total revenue for 2000 was $1.083 billion, an 8.5% increase over the $999 million total revenue in 199...

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Thrifty's Don Himelfarb to Speak at CAR 2001

Don Himelfarb, president and CEO of Thrifty Rent-A-Car Systems, will speak to the six annual Conference of Automotive Remarketing in Las Vegas on March 21. He will address vehicle remarketing is...

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Avis Predicts Cendant Acquisition to Close on March 1

Avis Group Holdings on Jan. 30 reported results for the fourth quarter and full year 2000 and stated that it expects the Cendant Acquisition to close March 1. Avis Group's consolidated net incom...

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