29th
June
2010
Leading European car hire outfit Avis has unveiled plans for raising cash from shareholders worth £151 million.
The move will aid the rental group, currently in a complex bidding war with rival company Hertz for the takeover of the Dollar Thrifty brand, to consolidate its financial stability and undertake wider expansion plans. The greatly discounted share offer has won the backing of D’Ieteren, the Brussels-based majority shareholder – with a 60 per cent stake.
The Avis Group, which, along with partner Budget provides rental vehicles to seven million customers every year across the continent, further announced it had also secured an updated [...]
posted in Car Rental |
29th
June
2010
Fairmont Hotel guests will receive exclusive worldwide rates under a new deal with leading rental car provider Avis.
The partnership will make it even easier for customers from Fairmont Hotels & Resorts to explore new destinations, with the global network provided by Avis creating a unique level of support for the worldwide collection of luxury resorts and hotels.
Under the new agreement, Fairmont guests will be able to enjoy savings of up to 25 per cent at all participating Avis locations across the globe, in addition to being provided with a rage of exclusive benefits that are currently offered under the Fairmont [...]
posted in Car Rental |
29th
June
2010
A new report suggests that only around 20 per cent of travel insurance covers policy holders adequately in the event that the airline that have booked with goes bust. Financial researchers at Defaqto found that although there may well be cover for airline failure contained in an insurance policy, the small print often revealed that the value of that cover was capped.
This means that although the cost of the air ticket may be covered, the value of facets of the holiday such as accommodation, car hire, pre-booked excursions etc on which money had already been spent, could be lost.
Head of [...]
posted in Car Rental |
29th
June
2010
In a little over a year, Paris could roll out a new electric car rental program, if everything goes to plan. Mayor Bertrand Delanoe, the brains behind the less than successful Velib bike renting scheme, wants to have a fleet of ready-to-hire zero-emission electric vehicles on the streets of the capital as early as September [...]
posted in Car Rental |
29th
June
2010
As the possibility of a new bout of industrial action by British Airways cabin crew hangs over the airline’s head, British Airways management have warned that a vote in favour of walkouts by its staff might this time result in legal action and job losses.
According to the Financial Times, Tony McCarthy, BA’s director of people, has allegedly written to Unite’s bosses, Derek Simpson and Tony Woodley, saying that any further action in terms of balloting could now put British Airways cabin crew jobs at risk. Mr McCarthy has apparently pointed out that if there are no new reasons for balloting [...]
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