Avis Budget Group Announces Renewal and Expansion of Global Partnership With International Airlines Group
October 09 2017 - 10:00AM
YASTEST
PARSIPPANY, N.J., Oct. 09, 2017
(GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ:CAR), a leading
global provider of mobility solutions, and International Airlines
Group (IAG), one of the world's largest airline groups carrying
more than 100 million passengers each year, have renewed and
expanded their global partnership.
As part of the exclusive multi-year
deal, Avis Car Rental and Budget Car Rental will be the only car
rental brands available for booking through British Airways, Iberia
and Iberia Express; with Aer Lingus to follow at a later date. The
agreement also includes exclusivity with IAG's loyalty programs,
including British Airways Executive Club, Aer Club from Aer Lingus,
Iberia Plus and the Avios Travel Rewards Programme. Until now,
Budget Car Rental was only available for bookings via the British
Airways Executive Club, Avios Travel Rewards Programme and Iberia
Plus loyalty programs.
"This new agreement with IAG is a
testament of our continued commitment to provide our partners and
their customers with best-in-class products and service," said Mark
Servodidio, president, International, Avis Budget Group. "We're
thrilled to strengthen our relationship and look forward to working
together to further provide a seamless travel solution."
"This partnership dates back more
than 20 years when Avis Car Rental teamed up with our loyalty
programme, Iberia Plus, followed by the British Airways Executive
Club," said Silvia Cairo, head of commercial planning and policy,
IAG. "Since then, Avis, and later Budget, have consistently
delivered world-class services to our customers. We're excited to
renew our agreement with Avis Budget Group and expand the
relationship to offer a complete range of car rental options to our
airlines."
About Avis Budget Group
Avis Budget Group, Inc. is a leading global provider of mobility
solutions, both through its Avis and Budget brands, which have more
than 11,000 rental locations in approximately 180 countries around
the world, and through its Zipcar brand, which is the world's
leading car sharing network, with more than one million members.
Avis Budget Group operates most of its car rental offices in North
America, Europe and Australia directly, and operates primarily
through licensees in other parts of the world. Avis Budget Group
has approximately 30,000 employees and is headquartered in
Parsippany, N.J. More information is available at
www.avisbudgetgroup.com.
Contact: Alice Pereira
(973) 496-3916
PR@avisbudget.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Avis Budget Group, Inc. via Globenewswire
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