May 23, 2006

Budget and Avis rental agencies announce rate increase

Parsippany, New Jersey – Avis Rent A Car and Budget Rent A Car have announced a rate increase of three to five per cent on all Canadian retail rates. Effective immediately, locations in the greater Montreal area (excluding Pierre Eliot Trudeau International Airport) will increase all retail rental rates, including daily and weekly rentals. The increase will also apply in all locations in Quebec City (excluding Jean Lesage International Airport) with higher weekly and weekend rates.

The companies say that the price increases are necessary to offset higher fleet, fuel and interest costs experienced in recent months.

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