One of the senior partners in Affordable Car Hire has confirmed discussions are ongoing with Auto Europe over a possible merger. In a statement, James Moore said negotiations with Auto Europe had been in progress for the past few months and were coming along quite well.
His wife, Angela Day, said a merger would be a huge benefit to Affordable Car Hire and she was thrilled at the prospect. The statement carried on by saying Auto Europe had been in business since the early 1950s and was tuned in to the needs of travellers and vehicle hire patrons.
The statement noted that the managing director and CEO of Auto Europe, Niall McDevitt and Imad Khalidi respectively, had the opinion the collaboration would reinforce their joint services. It also said the tie-up would ensure Affordable remained a viable financial entity.
The statement finished up by saying Ms Day wished to thank the travel industry in the UK for its trust and support. The statement releasing news of the potential merging of forces comes hot on the heels of legal action launched by Avis Rent a Car.
Lawyers for the Avis-Budget group lodged a lawsuit at New Jersey District Court late last month claiming Affordable owes US2.2 million (£1.75 million) in fees for car hire services provided. The lawsuit alleges Affordable has not paid any monthly bills since August 2016.
The suit names the two co-owners of Affordable plus another 11 affiliated entities. The documents filed claim Mr Moore and Ms Day both said paying any reasonable sized chunk of the outstanding amount would mean Affordable Car Hire would be bankrupt.