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He will be responsible for the legal affairs of the company, including management of its franchising and other contracts, litigation, government relations and information security. "With his extensive and varied accomplishments as an attorney, Michael is a terrific addition to Avis Budget Group," said Ronald L. Nelson, chairman and chief executive officer of Avis Budget Group.
Read More →This week's strong performance by Dollar, Avis and Hertz is a positive step as analysts expect 2010 to remain a challenging year for the industry.
Read More →The industry will likely be affected by the addition of no-show fees, says Advito, a travel-management advisory group.
Read More →The car rental company will sell its vehicles using Salvage Direct's auction platform, SalvageDirect.com.
Read More →The transaction is the first multi-tranche asset-backed securities offering by a rental-car company since 2003.
Read More →The ratings agency Standard and Poor's raised its rating on Avis senior unsecured notes to “B”, citing recent financing activity that reduced the rental car company's secured borrowing.
Read More →The company intends to use the offering to help repay debt on its floating rate term loan, which has an effective interest rate of approximately 9.2 percent.
Read More →The Women's Business Enterprise National Council included the car rental company on this list for the tenth consecutive year.
Read More →The company expects challenging macroeconomic climate in first half of 2010, will continue to experience lower volumes.
Read More →The company expects challenging macroeconomic climate in first half of 2010, will continue to experience lower volumes.
Read More →