car rental founded 1986 headquarters bracknell berkshire england key people alun cathcart chairman pascal bazin ceo revenue 1.521 billion 2010 1 operating income 108.2 million 2010 1 profit 28.8 million 2010 1 number of employees 5 163 2010 1 parent d ieteren avis budget group website www.avis europe.com avis europe plc is a united kingdom based company which holds the licence to operate the two main vehicle rental brands of avis budget group avis rent a car system and budget rent a car in europe the middle east and africa as well as asia in the case of avis . in 2011 it was acquired by avis budget group . contents 1 history 2 senior management 3 operations 4 references 5 external links history edit the company was an operating division of avis rent a car until 1986 when it was spun out and listed on the london stock exchange . the firm was then acquired by a consortium of avis group general motors and d ieteren in 1989 2 before being listed on the lse once more in 1997 . while avis and gm have sold their stakes in avis europe d ieteren continued to hold a controlling 59.6 % stake in the firm . in 2003 shortly after budget was acquired by avis s then parent cendant avis europe also took over the rights to that brand in its operating regions except asia . in october 2011 avis europe was acquired by the brand s current parent company avis budget group for us 1 billion . 3 senior management edit role salary bonus total martyn smith 4 finance director 330 000 33 000 363 000 operations edit the group s avis branded operations comprise over 2 900 offices in 112 countries across emea and asia . of these franchisees operate by licence in 99 nations while avis europe has directly owned and operated subsidiaries in the remaining thirteen mostly in western europe . 5 the group has budget branded operations at over 900 sites in 66 countries across emea avis budget group operates budget in asia . all of these are franchised except for those in austria switzerland france and the united kingdom . 5 references edit a b c d annual report 2010 pdf . avis europe . retrieved 23 april 2011 . company news ; group to buy avis europe . the new york times . reuters . 26 august 1989 . retrieved 19 september 2009 . avis budget buys avis europe for 1 billion ap 3 october 2011 martyn smith executive profile & biography . businessweek . mcgraw hill . retrieved 18 september 2009 . a b company structure . avis europe . retrieved 9 april 2011 . external links edit official website retrieved from https en.wikipedia.org w index.php title avis europe & oldid 736908223 categories car rental companiescompanies based in bracknellhidden categories use dmy dates from april 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 30 august 2016 at 16 25 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view