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Avis Strengthens Presence in Singapore
Dec 18, 2012
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PARSIPPANY, N.J., Dec. 18, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental has expanded its footprint in Singapore by providing access to rental vehicles at three new locations in the Central Business District. Conveniently located at the Regus Business Centers at One Fullerton, Marina Bay Financial Center and Centennial Tower, Suntec, the new service poi...
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Avis Triumphs Once Again at 2012 World Travel Awards
Dec 17, 2012
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PARSIPPANY, N.J., Dec. 17, 2012 (GLOBE NEWSWIRE) -- The results are in and Avis Car Rental has been named the "World's Leading Business Car Rental Company" at the final ceremony of the 2012 World Travel Awards. The distinguished honor marks the seventh consecutive year that Avis has been selected by travel and tourism professionals in 162 countries...
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Avis Budget Group Named to Supplier Diversity Hall of Fame
Dec 12, 2012
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PARSIPPANY, N.J., Dec. 12, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group has been inducted into the Women's Business Enterprise (WBE) Hall of Fame for its ongoing support of women-owned businesses. Presented by the American Institute of Diversity and Commerce, the national award honors companies, organizations and individuals that have demonstrated ex...
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Avis Budget Group and PortAventura Sign Exclusive Partnership Agreement
Dec 4, 2012
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PARSIPPANY, N.J., Dec. 4, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has signed an exclusive concession and marketing agreement establishing Avis Car Rental and Budget Car Rental as "official rental car partners" of PortAventura, Spain's most-visited theme park and resort.
Located in Salou, Catalonia, ...
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Avis Budget Group Honors Budget Iceland as Outstanding Licensee
Nov 29, 2012
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PARSIPPANY, N.J., Nov. 29, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced that it has honored Budget Iceland as the Budget Licensee of the Year for Europe, the Middle East and Africa (EMEA) in recognition of its ongoing commitment to the Budget brand and to serving value-conscious travelers with outstanding products and ser...
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Avis Budget Group Chief Financial Officer to Present at Bank of America Leveraged Finance Conference on Tuesday, December 4
Nov 27, 2012
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PARSIPPANY, N.J., Nov. 27, 2012 (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 2012 Bank of America Merrill Lynch Leveraged Finance Conference on December 4, 2012 at 1:30 p....
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Budget Car Rental and Best Western Announce New Loyalty Partnership
Nov 26, 2012
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PARSIPPANY, N.J. and PHOENIX, Nov. 26, 2012 (GLOBE NEWSWIRE) -- Budget Car Rental and Best Western International, THE WORLD'S BIGGEST HOTEL FAMILY®, have signed a new multi-year partnership agreement to provide the more than 15 million members of Best Western's global loyalty program the opportunity to earn points when they rent a car from Bud...
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Budget Drives a Hard Bargain: Save up to 35 Percent on Rentals in Canada
Nov 15, 2012
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PARSIPPANY, N.J., Nov. 15, 2012 (GLOBE NEWSWIRE) -- Budget Car Rental is stretching the travel dollar in Canada with its money-saving offer on rental vehicles. Through March 31, 2013, residents of the United States can save up to 35 percent on Budget vehicles when they visit Canada.
"According to the Canadian Tourism Commission, United States l...
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Avis Unveils 2013 Line-Up of Vehicles, Including Cars From BMW, Cadillac, Infiniti and Volvo
Nov 13, 2012
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PARSIPPANY, N.J., Nov. 13, 2012 (GLOBE NEWSWIRE) -- Avis Car Rental today announced that the new 2013 model-year vehicles have started rolling into Avis locations across the United States.
"From compact vehicles to luxury sedans, SUVs and convertibles — we've got you covered," said Tom Gartland, president, North America, Avis Budget Group...
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Avis Budget Group Honored as One of the Top 100 Companies for U.S. Veterans
Nov 12, 2012
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PARSIPPANY, N.J., Nov. 12, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) has been recognized as one of America's top employers for U.S. veterans. The Company's achievements in recruiting and employing veterans were recently featured in G.I. Jobs Top 100 Military Friendly Employers list for 2013 and U.S. Veterans Magazine's list of T...
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Avis Budget Group Announces Closing of Offering of $300 Million of 4.875% Senior Notes
Nov 8, 2012
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PARSIPPANY, N.J., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its wholly-owned subsidiary, Avis Budget Car Rental, LLC, has completed an offering of $300 million aggregate principal amount of 4.875% senior notes due 2017.
The Company intends to use the proceeds of the offering plus available cash t...
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Avis Budget Group Looks to Lift Bookings With New Ski Resorts Partnership
Nov 8, 2012
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PARSIPPANY, N.J., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc.(Nasdaq:CAR)and Intrawest, a leading developer and operator of mountain resorts across North America, have entered into a multi-year partnership agreement. As part of the new agreement, Avis Car Rental and Budget Car Rental will be designated as the "official rental car" of e...
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Avis Budget Group Chief Executive Officer to Present at Barclays Global Automotive Conference on November 14
Nov 7, 2012
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PARSIPPANY, N.J., Nov. 7, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR), a leading provider of vehicle rental services, today announced that Ronald L. Nelson, Chairman and Chief Executive Officer, will present at the Barclays Global Automotive Conference on November 14, 2012 at 2:25 p.m. Eastern time.
A live webcast will be avai...
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Avis Budget Group Honors Avis South Africa as Outstanding Licensee
Nov 5, 2012
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PARSIPPANY, N.J., Nov. 5, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced that it has named Avis South Africa as the Avis Licensee of the Year for Europe, the Middle East and Africa (EMEA) in recognition of its ongoing commitment to providing customers with world-class products and services and for responsible corporate citi...
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Avis Budget Group Reports Record Third Quarter Results
Nov 1, 2012
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Revenue grew to $2.2 billion, a 34% increase from third quarter 2011.Adjusted EBITDA increased 39% to $377 million, excluding certain items, the Company's highest-ever quarterly earnings.Pretax income increased 36% to $284 million, excluding certain items, and was $260 million on a GAAP basis.Diluted earnings per share grew 43% to $1.46 per share, ...
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Avis Budget Group Reschedules Issuance of Third Quarter Results to November 1 Due to Severe Weather Conditions
Oct 30, 2012
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PARSIPPANY, N.J., Oct. 30, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that, due to severe weather associated with Hurricane Sandy, it now plans to report its third quarter 2012 results after the market close on Thursday, November 1, 2012 and to host a conference call to discuss such results on Friday, November 2, ...
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Budget Car Rental Expands Presence in Spain With the Opening of 60 New Locations
Oct 29, 2012
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PARSIPPANY, N.J., Oct. 29, 2012 (GLOBE NEWSWIRE) -- As part of its strategic growth initiative to expand its global footprint, Budget Car Rental has significantly strengthened its presence in Spain with the opening of 60 new car rental facilities in the first half of 2012. This expansion brings the total number of Budget locations in Spain to 99, a...
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Budget Truck Rental and Extra Space Storage Sign Concession and Marketing Agreement
Oct 24, 2012
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PARSIPPANY, N.J. and SALT LAKE CITY, Oct. 24, 2012 (GLOBE NEWSWIRE) -- Budget Truck Rental and Extra Space Storage have teamed up to provide customers with additional convenience and reliability. Under the new agreement, select Extra Space Storage locations across the United States will feature Budget rental trucks on site to meet customers' storag...
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Budget Car Rental Expands Global Operations to Singapore
Oct 22, 2012
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PARSIPPANY, N.J., Oct. 22, 2012 (GLOBE NEWSWIRE) -- There's a new way to get around the Republic of Singapore. Budget Car Rental, one of the world's leading vehicle rental brands, today announced the official opening of its rental location in Singapore, at Changi International Airport.
"Expanding our global footprint is one of our key strategic...
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Avis Budget Group Announces Extension of Its Principal U.S. Asset-Backed Bank Conduit Facility
Oct 18, 2012
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PARSIPPANY, N.J., Oct. 18, 2012 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) announced today that its Avis Budget Rental Car Funding (AESOP) LLC subsidiary has renewed its U.S. asset-backed bank conduit facility to October 2014. Under the terms of the extension, the Company reduced the interest rate it will pay by 20 basis points and in...
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