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Avis

Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.

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Avis Q1 Revenues Drop 9%

Avis anticipates revenues about 80% lower in April and May compared to the prior year, with a gradual recovery in June and improving thereafter.

Avis Receives Loan

The rental agency will be filing the appropriate forms with the Securities and Exchange Commission.

Avis Signs New Agreement with Investment Group

The terms of the new approximately two-year cooperation agreement include the appointment of Jagdeep Pahwa, a current board member and president of SRS, as vice chairman of the board.

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