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Avis Budget Group Renews Exclusive Partnership With British Airways

Stocks in this article: CAR

PARSIPPANY, N.J., April 22, 2014 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) and British Airways have entered into a multi-year exclusive global partnership agreement to provide British Airways customers with access to Avis Car Rental vehicles, along with other travel benefits. The new agreement represents a renewal of the 15-year-old cross-marketing relationship between Avis Budget Group and British Airways, the largest international air carrier in the United Kingdom.

As part of the agreement, business and leisure travelers visiting British Airways' website www.ba.com, are able to make an Avis reservation as a stand-alone car reservation, by adding a vehicle rental to an existing flight booking, or by reserving a flight-plus-car holiday package. Customers who prefer to contact a British Airways call center can also enjoy the convenience of reserving an Avis vehicle directly with British Airways' own reservation agents*.

In addition, approximately three million British Airways Executive Club members around the world enjoy additional benefits from the partnership. These include money-saving offers on Avis rentals, the ability to add one free additional driver with every rental and the opportunity to earn British Airways Executive Club and Avios travel rewards points on rentals.

"The recent opening of the Avis Car Rental location at Heathrow Terminal 5, British Airways' flagship terminal, is just one of the many ways that we have worked hard to tailor our products and services to the needs of this important partnership," said Larry De Shon, president, Europe, Middle East and Africa, Avis Budget Group. "We're very proud to renew our exclusive agreement with British Airways and look forward to more partnership innovations and incremental rental volume over the coming years."

The new agreement also provides the companies with the option to bring Budget Car Rental into the partnership during the lifetime of the agreement.

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