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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.
As of 2008, Payless provides car rental services in over 80 locations in 20 countries operating over 10,000 vehicles. [ 5 ] In July 2013, Avis Budget Group acquired Payless for reported cost of 50 million dollars.
Cruise America is an American Employee Owned (ESOP) recreational vehicle rental and sales company based in Mesa, Arizona. The company was founded in 1972 and was publicly traded in the American Stock Exchange under the ticker “RVR” until 1997. [1] It then merged with Budget Group. Budget sold the company to its founders and management in ...
This U.S. Hub Is Getting New Budget Flights to Las Vegas, Phoenix, and a Popular Caribbean Destination—What to Know. The new routes start in June. Travel+Leisure 11 hours ago
[43] [44] In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. [45] The combination of Budget with Avis made Cendant the second-largest car rental company in the U.S. [45] In 2004, Cendant began a series of moves to simplify its business and focus on its core areas of real estate and ...
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]
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This page was last edited on 15 September 2019, at 21:05 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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