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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.
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 ...
Dallas Fort Worth International Airport: 2000 In 1990, DFW had two rental car sites on the north and south sides of the airport. Both hosted Avis, Budget, Hertz and National. [4] A new facility that consolidated more brands opened south of the airport in March 2000 [8] Albuquerque, NM: Albuquerque International Sunport: 2001 [9] Baltimore, MD ...
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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]
The first companies began operating out of the facility in October 2024. When it is fully operational in 2025, it will consolidate rental car operations currently spread across the surrounding area of LAX into one location adjacent to the 405 freeway. The new facility is expected to store up to 21,000 rental vehicles.
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