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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
Pangborn Memorial Airport
Additional Travel Information
Budget Car Rental’s counter is right on-site at Pangborn Memorial Airport (EAT), so picking up the perfect vehicle for your trip from our fleet of Pangborn Memorial Airport rental cars is as convenient as our airport car rentals are dependable.
Wenatchee, Washington, located at the confluence of the Columbia and Wenatchee Rivers, is known as the “Apple Capital of the World,” and is also known for the springtime Annual Apple Blossom Festival. The Wenatchee Valley boasts the kind of rugged terrain that requires a quality EAT car rental, and seasoned travelers rely on Budget’s reputation for reliability and excellent customer service.
Winter enthusiasts will appreciate the mountain activities like snowmobiling and sledding at Squilchuck State Park, and skiing and snowboarding at Mission Ridge, about a 30-minute drive away. Cyclists, walkers, joggers and skaters love the scenic views from the 11 miles of paved trails on the Apple Capital Recreational Loop, located in the heart of downtown. Perched high on a bluff north of Wenatchee is Ohme Gardens, a photographer’s paradise, open from April 15th through October 15th.
You won’t find better deals on Wenatchee airport car rentals than you’ll find at Budget. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Pangborn Memorial Airport, check out the latest Pangborn Memorial Airport Car Rental Deals, and be confident that you are getting the best rental rates in Washington !
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