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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
Kahului Airport
Additional Travel Information
Families that are interested in exploring the exciting attractions of Kahului on Maui Island should consider investing in comfortable and high-quality transportation. With the right car rentals, it’s easy to travel Maui Island’s roads in comfort and style. Budget Kahului Airport provides all types of visitors with premium vehicles that include sedans, compacts, subcompacts, hybrids, SUVs and more. When you are matched with the perfect rental car, the rest of the city is just a short drive away. If you are interested in exploring some of the local hiking trails, Hike Maui and Stardust Hawaii are two of the most popular outdoor venues that allow the whole family to experience the natural beauty of Kahului on Maui Island’s lush tropical landscape. If you are interested in something more adventurous, you can always check out the helicopter tours as well. Air Maui and Blue Hawaiian Helicopters can both provide you with an exhilarating flight experience.Our Budget car rental Kahului Airport location is designed to help family travelers find the vehicles they need when they want to get around. When you arrive at the Kahului Airport, call us and our welcoming employees will guide you through an impressive selection of vehicles. Be sure to call today and see what rental car deals we have available for you.
Additional Location Information
Select from a wide variety of vehicles at Budget Kahului Airport, check out the latest Kahului Airport Car Rental Deals, and be confident that you are getting the best rental rates in Hawaii !
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