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Budget Loves Shoppers: New Marketing Campaign Targets Travelers From Latin America
Jun 18, 2013
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PARSIPPANY, N.J., June 18, 2013 (GLOBE NEWSWIRE) -- Bargain hunters from South America planning a trip to the United States might want to take along an empty suitcase to take advantage of great savings from leading retailers through a special promotion offered by Budget Car Rental and Simon Property Group, operator of some of the most popular retai...
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Avis Establishes New Partnership With Club Premier
Jun 12, 2013
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PARSIPPANY, N.J., June 12, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that the Company has been selected as the preferred car rental supplier of Club Premier, Latin America's first frequent flyer program established in 1992 and Mexico's leading coalition loyalty program. Under the new multi-year agreement, the more than three million ...
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Boo Weekley Voted May PGA TOUR Player of the Month Presented by Avis
Jun 10, 2013
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., June 10, 2013 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Boo Weekley has been voted the May PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a $50,000 contribution to be split by two charities, Vision of Hope an...
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Avis Budget Group Chief Financial Officer to Present at Deutsche Bank Industrials Conference on June 12
Jun 5, 2013
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PARSIPPANY, N.J., June 5, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced that David B. Wyshner, Senior Executive Vice President and Chief Financial Officer, will present at the upcoming Deutsche Bank Industrials Conference on June 12, 2013 at 12:20 p.m. Eastern time.
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Avis Budget Group Increases Term Loan Facility to $1 Billion and Reduces Borrowing Rate by 75 Basis Points
Jun 3, 2013
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PARSIPPANY, N.J., June 3, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has refinanced its existing $900 million in term loan borrowings due 2019 with $1 billion in new term loan borrowings due 2019 and lowered the interest rate on the refinanced term loans by 75 basis points. The Company also announced that ...
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Avis Budget Group Chief Financial Officer to Present at Goldman Sachs Leisure Conference on June 4
May 29, 2013
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PARSIPPANY, N.J., May 29, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced that David B. Wyshner, Senior Executive Vice President and Chief Financial Officer, will present at the upcoming Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference on June 4, 2013 at 9...
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Adam Scott Voted April PGA TOUR Player of the Month Presented by Avis
May 23, 2013
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., May 23, 2013 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Masters champion Adam Scott has been voted the April PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a $50,000 contribution to the Adam Scott Foundation.
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Avis Budget Group Shifts Car Sales Program Into High Gear: Trade-In Vehicles Now Welcome
May 22, 2013
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PARSIPPANY, N.J., May 22, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that its Ultimate Test Drive program, the Company's car sales initiative, now accepts trade-in vehicles.
In collaboration with AutoNation, Inc., America's largest automotive retailer, Ultimate Test Drive offers consumers a no-haggle, no-hassl...
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Get Your One-Way Move on With Savings of Up to 50 Percent at Budget Truck Rental
May 20, 2013
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PARSIPPANY, N.J., May 20, 2013 (GLOBE NEWSWIRE) -- Budget Truck Rental today kicked-off a new promotion offering major savings on one-way rentals and towing equipment for anyone in the United States moving from the Southeast to the Northeast, or from the Rocky Mountain states to California, with rental rates reduced as much as 50 percent.
"Prov...
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Avis Budget Group Enhances Customer Experience With Translated Rental Agreements
May 16, 2013
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PARSIPPANY, N.J., May 16, 2013 (GLOBE NEWSWIRE) -- As part of its ongoing core strategy to "put the customer first," Avis Budget Group, Inc. (Nasdaq:CAR) today announced that Avis Car Rental and Budget Car Rental customers can now receive their rental agreement translated into a more convenient language. Available as a courtesy to customers at part...
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Avis Budget Group Expands Car Sales Program to New Jersey
May 14, 2013
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PARSIPPANY, N.J., May 14, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that its Ultimate Test Drive car sales program is now available in New Jersey.
In collaboration with AutoNation, Inc., America's largest automotive retailer, Ultimate Test Drive offers consumers a wide selection of late-model Avis and Budget ...
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Avis Budget Group Recognized as a 'Best for Vets' Employer
May 13, 2013
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PARSIPPANY, N.J., May 13, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) has earned a place in the 2013 edition of Military Times' Best for Vets: Employers survey. The Company was recognized for its achievements in recruiting and employing veterans, for its policies related to veterans, reservists and their families, and for the orga...
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Avis Leads the Way in Car Rental Customer Loyalty for 14 Consecutive Years
May 9, 2013
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PARSIPPANY, N.J., May 9, 2013 (GLOBE NEWSWIRE) -- For the 14th year in a row, Avis Car Rental has been named the leading car rental company in the Brand Keys Customer Loyalty Engagement Index®. Avis ranked number one in each of the four drivers of brand loyalty, including brand reputation; pricing discounts and options; customer service and co...
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Avis Budget Group Launches Partnership With Spirit Airlines
May 8, 2013
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PARSIPPANY, N.J., May 8, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has signed a new partnership agreement with Spirit Airlines. Under the multi-year agreement, members of FREE SPIRITTM, the carrier's frequent flier program, can save money when they rent from Avis Car Rental and Budget Car Rental, and will...
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Avis Launches Early-Bird Sale on International Rentals
May 6, 2013
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PARSIPPANY, N.J., May 6, 2013 (GLOBE NEWSWIRE) -- Avis Car Rental today announced a money-saving promotion for residents of the United States and Canada traveling abroad. Whether you are planning a trip to Africa, Europe or the Middle East, book by May 31 and save up to 25 percent on a rental vehicle.
"Promotions like these help us drive intern...
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Avis Budget Group Reports First Quarter 2013 Results
May 1, 2013
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Revenue increased 4% to $1.7 billion. Pricing in North America increased 4% year-over-year. Adjusted EBITDA declined 22% to $93 million, excluding certain items. Company reported net income, excluding certain items, of $9 million in the seasonally slower first quarter, and a GAAP net loss of $46 million. Company completed acquisition of Zipcar, the...
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Majority of UK Start-Ups Say Sharing Costs is Essential for Survival
Apr 30, 2013
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LONDON (30th April, 2013): New research by Zipcar, the UK's largest pay-as-you-drive car network, commissioned with national campaign StartUp Britain, finds that 54% of British start-ups are clubbing together to share core business functions with other businesses. Over half (55%) identified sharing resources with other businesses as 'essential' ...
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Avis Budget Group to Announce First Quarter 2013 Results on May 1
Apr 23, 2013
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PARSIPPANY, N.J., April 23, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it plans to report its first quarter 2013 results and full-year outlook after market close on Wednesday, May 1, 2013, and to host a conference call to discuss such results on Thursday, May 2, 2013 at 8:30 a.m. Eastern time.
Investors m...
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Tiger Woods Voted March PGA TOUR Player of the Month Presented by Avis
Apr 18, 2013
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PARSIPPANY, N.J. and PONTE VEDRA BEACH, Fla., April 18, 2013 (GLOBE NEWSWIRE) -- PGA TOUR and Avis Car Rental announced today that Tiger Woods has been voted the March PGA TOUR Player of the Month presented by Avis. As the official rental car company of the PGA TOUR, Avis will make a $50,000 contribution to the Tiger Woods Foundation.
In a fan ...
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Avis Budget Group Announces Expiration and Final Results of Tender Offer for 9 5/8% Senior Notes Due 2018 and 9.75% Senior Notes Due 2020
Apr 17, 2013
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PARSIPPANY, N.J., April 17, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) (the "Company") announced today the expiration and final results of the previously announced cash tender offers (the "Offers") by its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (collectively, the "Issuers"), to purchas...
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