SOURCE: Avis Budget Group, Inc.

Avis Budget Group, Inc.

December 15, 2010 10:07 ET

Avis and Budget Rent A Car Named Exclusive Car Rental Partners for Qantas Frequent Flyer

New Agreement Builds Upon Relationship Established in 2002

PARSIPPANY, N.J.--(Marketwire - December 15, 2010) - Avis Budget Group, Inc. (NYSE: CAR) announced that Avis and Budget have been selected as Qantas Frequent Flyer's exclusive car rental partners for its 7.3 million members. The agreement offers members of the southern hemisphere's largest and most popular airline loyalty program preferred pricing on a variety of Avis and Budget late-model vehicles.

"Travel partnerships attract new customers and generate incremental bookings," said Patric Siniscalchi, executive vice president of international operations at Avis Budget Group. "This agreement adds value to Qantas' frequent flyer program and enhances the customer's travel experience as well as brand loyalty."

Qantas Frequent Flyer members can enjoy Avis' renowned 'We try harder' service and the great value of Budget, while earning Qantas Frequent Flyer points. Points can also be redeemed for Avis and Budget rental vouchers through the online Qantas Frequent Flyer Store located at www.qantas.com.

"We're pleased to expand our relationship with Avis Budget Group while complementing our Qantas Frequent Flyer offering," said Simon Hickey, chief executive of Qantas Frequent Flyer. "Aligning ourselves with such world-class brands is a testament to the program's success and why we are poised to reach eight million members by the end of next year."

Established in 1987, Qantas Frequent Flyer is the leading airline loyalty program in Australia, with more than seven million members, and a global redemption network supporting the Qantas Group. It is the only loyalty program in Australia which offers members the ability to combine points from flying, credit or charge card spend and everyday grocery shopping directly into one account.

"Qantas has been a valued partner for several years and members of Qantas' Frequent Flyer program have realized the benefits of renting with Avis and Budget, whether on the mainland or internationally," said George Proos, managing director of Avis Budget Group Australia. "Recognition as the exclusive car rental partners for Qantas Frequent Flyer is a testament to the hard work of Avis and Budget employees around the globe. We look forward to continuing to provide an outstanding rental experience."

Avis, a brand ranked number one in customer loyalty for 11 consecutive years, and Budget, an award-winning value brand, debuted as Qantas Frequent Flyer car rental partners in 2002.

For more information or to make a reservation, visit www.qantas.com.

About Qantas Airways
Qantas is the only airline offering A380 services from the U.S. on select non-stop flights from Los Angeles to Sydney and to Melbourne. The Qantas A380 features aircraft interiors designed by internationally renowned industrial designer and Qantas Creative Director Marc Newson. A leader in in-flight entertainment, all Qantas mainland departures feature on demand video and audio selections for movies, TV programs, radio and games in all classes.

About Avis Budget Group
Avis Budget Group, Inc. is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the Company is a leading vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. and has more than 21,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com