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TheStreet Open House

Avis Budget Group Signs Exclusive Partnership With Silver Airways

Stocks in this article: CAR

PARSIPPANY, N.J., Feb. 6, 2014 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has signed a new partnership agreement with Silver Airways, a U.S.-owned and operated airline with nearly 200 daily scheduled flights.

Under the exclusive agreement, Avis Car Rental and Budget Car Rental will be designated as Silver Airways' preferred car rental providers and Silver Airways travelers will receive car rental savings when they rent Avis or Budget vehicles. In addition, Silver Airways travelers will have the opportunity to make Avis and Budget car rental reservations directly on the Silver Airways website, or via phone as part of the call transfer program between the two companies.

"Providing travelers with convenient ways to make car rental reservations is one way we 'put the customer first,'" said Beth Kinerk, senior vice president of sales, Avis Budget Group. "We're excited to team up with Silver Airways and provide their passengers with two convenient ways to rent with Avis or Budget. We look forward to serving their rental car needs and generating incremental rental volume."

The new partnership agreement also includes brand exposure and cross-marketing opportunities between the two companies. For example, Avis and Budget will be featured on Silver Airways' reservation confirmation pages, confirmation emails and in email campaigns for customers.

"Silver Airways is proud to partner with Avis Budget Group," said Travis Christ, chief commercial officer, Silver Airways. "We know that our customers in Florida, the Bahamas, Alabama, Georgia and Mississippi will be assured of the best rates and service when they rent with Avis or Budget."

About Avis Budget Group

Avis Budget Group, Inc. is a leading global provider of vehicle rental services, both through its Avis and Budget brands, which have more than 10,000 rental locations in approximately 175 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network, with more than 850,000 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 .

About Silver Airways

Silver Airways Corp. (IATA: 3M) is a U.S. owned and operated airline operating almost 200 daily scheduled flights to/from 46 gateways in Florida, the Bahamas, Georgia, Alabama, Mississippi, Virginia, West Virginia, Pennsylvania, New York and Ohio. The airline, which offers more flights within Florida to The Bahamas than any other U.S. airline, has valued partnership and codeshare agreements with United Airlines and interline agreements with American Airlines, Delta Air Lines, JetBlue and US Airways.

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