Article here: Avis
One thing I disagree with though is the all to common comparison to Enterprise rent-A-Car.
The four largest U.S. rental-car companies account for 81 percent of the industry’s revenue, according to IBISWorld, a Santa Monica, California-based industry researcher. Based on 2009 revenue, Enterprise Rent-A-Car Co. is No. 1, followed by Hertz, Avis and Dollar Thrifty.
The winner of the bidding war would become the second- largest U.S. auto-rental chain by revenue, trailing only closely held Enterprise.
Different business model for the most part. ERAC focuses on vehicle replacement (during repairs...), not so much on airport traffic.
ERAC has some trade by appointment bonds out there. Always a nice find.
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