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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
Honolulu Intl Airport
Additional Travel Information
If you are planning a family trip to Honolulu, the Budget Rent a Car Honolulu International Airport location can provide you with the perfect rental car for enjoying Hawaii to its fullest. Budget is located right in Honolulu International Airport, so you can pick up your car as soon as you arrive. You will be able to choose from a wide selection of modern vehicles of all sizes and styles. If you are bringing the whole family, a large SUV might be what you need to travel around comfortably. Smaller families, couples and those traveling alone might prefer an economy car or sedan. We also have convertibles for enjoying the tropical breezes as you explore Honolulu.While you’re in Honolulu, you will certainly want to spend some time at the beach. You can also enjoy other water-based activities, such as snorkeling, scuba diving and surfing. There are many charter boats available for dolphin and whale watching. There are also many things to do on land, such as visiting the Bishop Museum, which is well known for its large collection of Polynesian artifacts. If you want to see a real volcano, you can hike on Koko Crater Trail. No matter where you want to go, with a car from the Budget car rental at Honolulu International Airport, you will be able to explore this beautiful city and surrounding areas as much as you want.When you plan your Hawaiian vacation, reserve your car from Budget Honolulu International Airport. Once you are behind the wheel of your own rental car, you will be able to truly discover the magic of Hawaii at your own pace.
Additional Location Information
Select from a wide variety of vehicles at Budget Honolulu Intl Airport, check out the latest Honolulu Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Hawaii !
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