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Weekly UpdatesNew York (AirGuide - Destination News - Car Rental) May 31, 2009
Avis Budget Group
Avis Budget Group, Inc. announced that it has obtained commitments for approximately USD 325 million of operating lease financing for vehicles it plans to add to its U.S. car rental fleet over the next four months. "This transaction represents another important step in the evolution and expansion of our fleet financing to reflect the changes that have occurred in the credit markets," said David Wyshner, Avis BudgetOs executive vice president and CFO. "With this financing, we are not only obtaining additional liquidity at competitive rates; we are also executing against a funding strategy that anticipates a rebound in car rental demand in 2010." For more information, visit www.avisbudgetgroup.com. May 26, 2009
Avis Budget Group, Air Canada
Avis Budget Group announced that Avis and Budget have been exclusively selected as Air Canada's preferred worldwide car rental suppliers. Air Canada customers can now reserve a rental car from Avis or Budget with greater ease and convenience by shopping and selecting their Avis or Budget vehicle on aircanada.com. Air Canada customers will also enjoy special offers and benefits that will allow them to customize their car rental experience, including time-saving amenities such as where2[umlaut] GPS navigation, electronic toll collection solutions, a paperless alternative to rental receipts with e-Receipt, an automated car rental return process, and express rental service with Avis Preferred and Budget Fastbreak. May 27, 2009
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