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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Scranton Airport
Additional Travel Information
All of the airport car rentals at Wilkes-Barre/Scranton International Airport are located on the first level of the terminal building in the baggage claim area, which is where you’ll find the Budget Car Rental upon your arrival in Avoca.
Avoca is part of the Greater Pittston area of Pennsylvania, which contains four of Pennsylvania’s State Parks. The best way to experience all of the outdoor adventure to be had here is with a quality vehicle, so whether you’re traveling with the family and need a minivan, or you’re flying solo and prefer something small and compact, Budget has the right AVP car rental for you.
If you’re into fishing, you’ll want to check out Frances Slocum State Park. For a more adventurous excursion, go whitewater rafting through the Lehigh Gorge State Park. Cross-country skiing across Nescopeck State Park is a great way to enjoy the winter weather, and in the summertime, visit for the more than twenty waterfalls at Ricketts Glen State Park. If your holiday is going to involve park-hopping, book a vehicle that can handle rougher terrain, like an SUV or 4×4.
Whatever it is that brings you to the Greater Pittston area, Wilkes-Barre/Scranton International Airport rental cars from Budget will make sure you get there comfortably and in style. Start your vacation as soon as you land with Avoca airport car rentals from Budget, and don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Scranton Airport, check out the latest Scranton Airport Car Rental Deals, and be confident that you are getting the best rental rates in Pennsylvania !
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