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Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. [2] Budget is a subsidiary of the Avis Budget Group , with its operations headquartered in Parsippany , New Jersey.
Four years later, the Metropolitan Knoxville Airport Authority (MKAA) was established. In 1990, runway 5R/23L was rebuilt to 9,000 feet (2,700 m). In 1992, the airport authority built a new 21-acre cargo facility on the north side of the airport for Federal Express, UPS and Airborne Express. Buildings were designed to meet the carriers' needs ...
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] On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash. [12] [13]
As the airport reaches its space limits, the idea is not off the table, he said. Daniel Dassow is a growth and development reporter focused on technology and energy. Phone 423-637-0878.
Avis was the first car rental business to be located at an airport, [8] and today is a provider to the commercial segment serving business travelers at major airports internationally, and to leisure travelers at off-airport locations. Many of the off-airport locations are franchised operations rather than company-owned and operated, as is the ...
In November 2002 Budget sold its truck and car businesses to Cherokee Acquisition Corporation, which is owned by Cendant Corporation. [5] In September 2006 Budget Rent a Car, Avis Rent a Car, and Budget Truck Rental were spun off by Cendant as a separate company, Avis Budget Group. In 2007, its headquarters was transferred to Morris County, New ...
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