Tulsa, Okla., December 3, 2007 - Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced the acquisition of the Thrifty Car Rental in-terminal operations at Kansas City International Airport; Omaha Eppley Airfield and Lincoln Airport in Nebraska; and Springfield-Branson National Airport in Missouri. In addition, DTG acquired an in-terminal location at WichitaMid-Continent Airport in Kansas and an in-terminal location at Des MoinesInternational Airport in Iowa featuring both the Thrifty and Dollar brands. Also included in the acquisition are two local market stores in Kansas City and off-airport parking locations serving Kansas City International Airport and Springfield-Branson National Airport.
“Converting these six Midwestern airport markets to corporate-owned operations is a significant move for us as we continue our strategic initiative to acquire franchise operations in key airport markets,” said Scott Anderson, senior executive vice president of corporate operations at Dollar Thrifty. “We are excited to bring them into our corporate family.”
The Thrifty franchise operations in Kansas City and Springfield, Mo.; Omaha and Lincoln, Neb.; Dollar and Thrifty operations in Des Moines, Iowa; and the Thrifty in-terminal location in Wichita, Kan.; were sold by Flacks Enterprises, LLC, owned by Harvey A. Flacks and his wife Janelle R. Flacks. The Flacks have been a successful Thrifty franchisee since 1982, and in 2004 obtained a dual-franchise location in Des Moines, Iowa with the addition of the Dollar Rent A Car brand.
The Wichita, Kan., Dollar franchise operation was acquired from E & J Rental & Leasing, Inc., owned by N. David Johnson. The transaction includes an in-terminal location serving Wichita Mid-Continent Airport. Johnson has been a Dollar franchisee since 1984, and until 1989, owned locations in Tulsa and Oklahoma City, Okla., as well. Since 1995, the Dollar location in Wichita has been the only locally-owned rental car company at the Mid-Continent Airport.
The acquisitions will add more than 1,500 cars to the Company’s corporate fleet. The terms of each agreement, effective December 1, 2007, were not disclosed.
About Thrifty Car Rental
Thrifty Car Rental is a subsidiary of Dollar Thrifty Automotive Group, Inc., a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Together with its corporately-owned locations and those of its franchise owners, the Thrifty Car Rental brand serves value-conscious travelers from more than 1,028 locations in 68 countries. For additional information, visit www.dtag.com or www.thrifty.com .