Sunday 28 May 2017

Hertz counters Avis bid for Dollar Thrifty

A man talks to a staff member at a Hertz counter. Photo: Getty Images
A man talks to a staff member at a Hertz counter. Photo: Getty Images

BID AVIATION ECONOMICS TRADE

HERTZ, the largest publicly traded rental-car company, offered to buy Dollar Thrifty Automotive Group for $2.24bn (€1.56bn) in cash and stock, countering a bid by Avis Budget Group.

Hertz offered $72 a share, 24pc more than Avis's offer, the company said.

New US services a boost for Shannon

SHANNON Airport Authority has welcomed the announcement of four new weekly Continental services to New York JFK. Airport director Mary Considine said there was real reason for optimism that the US tourist market is starting to grow again. "While there is a lot of ground still to make up, there are definite signs of recovery in the US market," she said.

German exports surge to record high

GERMAN exports surged in March to their highest level since records began, as the growing global economy lifted demand for its products and services. The country's exports for the month totalled €98.3bn, 7.3pc higher than February. Its imports also reached an all-time high, up 3.1pc to €79.4bn.

EU trade deal with S Korea welcomed

The signing of a free trade agreement between the EU and South Korea has been welcomed by the Irish Exporters Association (IEA). Last year, goods exports to South Korea totalled €357m, the IEA said. The deal is expected to enable exports to South Korea to rise by about 50pc in the coming years.

Irish Independent

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