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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
Kona Intl Airport at Keahole
Additional Travel Information
As you start planning your family vacation to Kona – Hawaii, you will definitely want to book a rental car to make the most of your time on the Big Island. To make it easy for you, Budget Rent a Car has a location at the Kona International Airport. As soon as your flight lands and you pick up your luggage, head to the Budget Rent a Car Kona International Airport and make your selection from the wide range of great car rentals available. With your very own Kailua rental car deal from Budget, you’ll be ready to explore all that the area offers to visitors. Within walking distance of the Kona International Airport Kailua, you’ll be able to have an interstellar adventure at the Astronaut Ellison S. Onizuka Space Center. Soak up the tropical Hawaiian sunshine with some snorkeling at Kahalu’u, swimming at Kekaha Kai State Park or a stroll along the shops and attractions of Ali’i Drive. Don’t forget about souvenirs like Kona coffee, macadamia nuts and kukui nut leis, all of which are easy to pick up in your rental car from Kailua-Kona or nearby Keauhou. With limited transportation on the Big Island of Hawaii, trips to Kailua are the most fun if you have access to rental cars for the duration of your visit. Thanks to the convenience of the Budget Kona International Airport and the great prices available, you will have flexibility over your getaway. Whether your family wants to try surfing for the first time or explore iconic Hawaiian landmarks like Hulihe’e Palace, the right rental car allows you to see it all at an affordable price.

Additional Location Information
Select from a wide variety of vehicles at Budget Kona Intl Airport at Keahole, check out the latest Kona Intl Airport at Keahole Car Rental Deals, and be confident that you are getting the best rental rates in Hawaii !
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