For Immediate Release |  | Contact: |
TULSA, OK, February 2, 2004 - Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) today announced that Car & Fly GmbH, the company’s master franchisee for the Thrifty Car Rental brand in Germany for more than a year, recently opened a location serving Munich's airport.
Peter Guptill, DTG executive vice president - international, said, "The new location serving Munich Airport International represents Car & Fly GmbH's commitment to expanding Thrifty's presence in Germany. It is also a critical gateway serving inbound leisure and business customers and an important market for those traveling from North America."
Car & Fly GmbH currently operates Thrifty Car Rental locations serving the airports in Frankfurt, Düsseldorf, and Munich and 20 suburban locations. Plans are being negotiated to add three more airports and 50 suburban locations over the next five years through a mix of corporate stores owned by Terstappen and licensees.
Based in Duisburg, Car & Fly GmbH is owned by Hubert Terstappen, a longtime car rental operator in Germany. He began his career in the car rental business after taking over his parent's seven car fleet which, at the time, was based in a small garage. The company now employs more than 300 full and part time workers and has a current fleet of 2,000 cars.
Hubert Terstappen said, "We look forward to serving Thrifty customers from around the world and showcasing all that Germany and its people have to offer. Our carefully planned growth strategies include opening a mix of corporately-owned and franchised locations, distributing the Thrifty Car Rental name throughout strategic locations across Germany."
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission, "Value Every Time," the company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have approximately 800 corporate and franchised locations in the United States and Canada, and they have operations at most major airports. The company's more than 7,000 employees are located mainly in North America, but global service capabilities exist through an ever expanding franchise network. For additional information, visit dtag.com.
