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Avis Europe plc is a United Kingdom-based company which holds the licence to operate the two main vehicle rental brands of Avis Budget Group (Avis Rent a Car System and Budget Rent a Car) in Europe, the Middle East and Africa as well as Asia in the case of Avis.
In 2011, Avis acquired Avis Europe plc, which had been a separate corporation licensing the Avis brand. Since the late 1970s, Avis has featured mainly General Motors (GM) vehicles such as Chevrolet, but today also rents other popular brands such as Ford and Toyota.
In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands. [10] On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [11]
In 1992, ACRISS was reconstituted as a European economic interest grouping. [2] Current ACRISS members include Alamo, Avis, Budget, Enterprise, Europcar, Hertz, Maggiore, Blacklane, Car Rental Gateway, Amadeus, fr:Karhoo, GroundScope, Rentalcars.com, Sabre, TaxiTender, Travelport, Mycab, National Car Rental, Payless, Dollar, Discover Cars ...
Car rental. A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy ...
In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. The combination of Budget with Avis made Cendant the second-largest car rental company in the U.S. In 2004, Cendant began a series of moves to simplify its business and focus on its core areas of real estate and travel.
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