Avis moves up a gear
Trading in the July-August peak months showed good pricing performance, with volumes turning positive in recent weeks, chief executive Pascal Bazin said.
"We are delivering strong results and starting to recover and come back to growth, so I think it is very positive for the future," he said.
Advertisement
Hide AdAdvertisement
Hide AdAvis Europe expects to use the proceeds from a recent 181 million euros (147.6m) rights issue and 375 million euros revolving credit facility to repay debt and develop new markets, Bazin said, adding he plans to expand in Asia and the Middle East.