Dollar Rent A Car to Open in Poland
Dollar Rent A Car
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Tulsa, Okla., June 16, 2008 – Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that its successful value brand – Dollar Rent A Car – is opening locations in Poland for the first time this month.
As part of a master franchise agreement with Armada Fleet Management Service of Warsaw, Dollar opened a dual-branded in-terminal location at Gdansk Lech Walesa Airport this month and plans to be operational in Katowice International Airport later this month. Three more locations are scheduled to open by year-end, including an in-terminal location at Warsaw Frederic Chopin International Airport featuring the Dollar brand, as well as suburban locations in Gdansk and Warsaw.
Dollar Rent A Car in Poland will feature a mix of vehicles and manufacturers, with an emphasis on those of the Toyota Motor Corporation. It is expected that 80 percent of business will be corporate in nature, with 20 percent represented by leisure customers.
Armada Fleet Management Service, operated by Managing Director Grzegorz Łozowski, is the fifth-largest vehicle leasing company in Poland. Founded in 1995, Armada has about 400 short-term and 3,500 long-term lease vehicles in their fleet. The company’s principal shareholder also owns the largest Toyota dealership in Poland.
“We are proud to have such a strong company as Armada Fleet Management Service representing the Dollar brand in Poland,” said Jeff Cerefice, Vice President, DTG Global Franchise Operations and Development. “Poland represents one of the fastest-growing nations in the European Union, and this is a great opportunity for Dollar to establish a strong foothold in a thriving marketplace.”
A dynamically developing country, Poland has a population of about 38 million people, and is the largest country among those recently added to the European Union in central Europe. Poland, in fact, is developing at twice the rate of Western Europe, with a Gross Domestic Product that grew by 5.8 percent in 2006. Warsaw Airport is Poland’s busiest airport, handling just under 70 percent of the country’s air passenger traffic. Traffic at Gdansk Airport grew 36 percent in 2007 versus the previous year, serving 1.7 million passengers; passenger volumes are expected to grow an additional 31.9 percent in 2008 at Gdansk.
About Dollar Thrifty Automotive Group, Inc.
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission “Value Every Time,” the Company's brand, Dollar Rent A Car, serves value-conscious travelers in approximately 70 countries. Dollar has over 800 corporate and franchised locations in the United States and Canada, operating in virtually all of the top U.S. and Canadian airport markets. The Company's approximately 8,500 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network. For additional information, visit www.dtag.com or www.dollar.com.