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Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental , [ 3 ] Budget Rent a Car , [ 4 ] Budget Truck Rental , Payless Car Rental and Zipcar .
Along with Budget Rent a Car, Budget Truck Rental and Zipcar, Avis is a unit of Avis Budget Group. [4] Avis Budget Group operates the Avis brand in North America, South America, Europe, India, Australia, New Zealand, and South Africa. In 2011, Avis acquired Avis Europe plc, [5] which had been a separate corporation licensing the Avis brand.
ACRISS was formed in 1989 by Avis, Budget, Europcar and Hertz. [1] In 1992, ACRISS was reconstituted as a European economic interest grouping. [2]
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Rating Action: Moody's assigns B3 to Avis Budget's $600 million of senior unsecured notes; Outlook negativeGlobal Credit Research - 17 Feb 2021New York, February 17, 2021 -- Moody's Investors ...
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In order to keep costs low, Payless typically shares a fleet with other Avis Budget Group-owned companies, Avis Rent a Car, as well as Budget Rent a Car, in many locations. Payless uses sales techniques to maintain profitability, including offering fewer vehicle classes than other rental car companies. [7]
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