News

Hertz Acquires Dollar Thrifty

Hertz Acquires Dollar Thrifty

Hertz has completed the purchase of Dollar Thrifty for approximately US$2.3 billion – about twice what it offered two years ago – and will sell it existing budget brand Advantage, to to Franchise Services of North America and Macquarie Capital. Earlier attempts by Hertz to buy the budget car rental company were blocked by regulators.

Mark Frissora, Hertz Chairman and Chief Executive, said: “We will be a stronger global competitive player with a full range of rental options not only in the USA but in Europe and other markets, given Dollar Thrifty’s strong international presence.”

Hertz Logo

Hertz also recently announced partnerships to give global car rental benefits to frequent flyers with Turkish Airlines and Royal Jordanian.

The merger of Hertz and Dollar Thrifty will save about $160 million a year and Hertz said it would enable it to expand. The deal will leave just three major players – Hertz, Avis Budget and Enterprise – controlling the majority of the US car rental market.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

Qatar Visa Waivers

Qatar Waives Entry Visa Requirements for 
Citizens of 80 Countries

Neil SteedmanAugust 18, 2017
HAL+RM Featured Image

Welcome Aboard Holland America Line and Rocky Mountaineer

Neil SteedmanAugust 17, 2017
Airberlin

Airberlin Files for Administration After Etihad Declines Further Funding

Neil SteedmanAugust 16, 2017
WTM London 2017 Digital Influencers’ Speed Networking

Registration Open for WTM London 2017 Digital Influencers’ Speed Networking

Neil SteedmanAugust 16, 2017
Vibrant Irish Light, between Dublin Airport Terminals 1 and 2, is complemented with the poem, Swanlight, by the late Irish poet and philosopher, John O’Donohue

CAR Revokes Travel Agent Licence of Bookandgo.ie

Michael FloodAugust 15, 2017
Job Opportunities

Job Opportunities with Turkish Airlines and G Adventures

Neil SteedmanAugust 15, 2017
Air France-KLM + Delta Promotion

Book and Win with Air France, KLM and Delta August Promotion

Neil SteedmanAugust 15, 2017
IMG_4217

Insight Vacations Launches 2018 North America Brochure

Ian BloomfieldAugust 15, 2017
New AerLingus A330 St Carthage5

Aer Lingus Launches Winter Schedule with 300,000 Additional Seats

Michael FloodAugust 15, 2017

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland