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In 2018, LAWA signed 20-year base leases with rental car companies to use the ConRAC. [3] The ready/return building was handed over to tenants on June 6, 2022. [10] Contractors for the car rental companies will construct their rental counters, waiting areas, office spaces and entry/exit booths. [3]
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.
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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Los Angeles, CA: Los Angeles International Airport (LAX) 2024 The US$1.5 billion building is the largest CONRAC in the world at 6,300,000 square feet (590,000 m 2) and hosts up to 21,000 rental vehicles. It connects to the airport's terminals by an under construction people mover. [54] [55]
LAX/Metro Transit Center station (also known as the ITF East), connecting to the Los Angeles Metro Rail system, scheduled to open in mid-2025; LAX Consolidated Rent-A-Car Facility, which will house 21,000 rental vehicles for all of the major rental car companies that operate at LAX
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