Dollar Thrifty Automotive Group Re-Franchises Airport Operations In Oklahoma City

Reuters:

Dollar Thrifty Automotive Group, Inc. today announced the sale of the Dollar Rent A Car franchise in Oklahoma City, Okla., which includes the in-terminal airport operation at Will Rogers World Airport. This marks the 11th conversion of a corporate store to a franchised operation in 2009 as part of Dollar Thrifty’s ongoing strategy of re-franchising smaller airport markets. These 11 locations operated with approximately 1,200 vehicles on average during 2008.

“Interest continues to be high among franchisees and prospective franchisees who have expressed an interest in owning and operating some of the smaller airport markets,” said Scott Thompson, President and CEO of Dollar Thrifty Automotive Group, Inc. “We continue to evaluate the proper allocation of our capital resources and see re-franchising certain smaller operations as beneficial. Select markets may benefit from an owner-operator model, while Dollar Thrifty, in return, is provided with a much better return on its capital. While we will continue to operate in the Top 75 airport markets, we enjoy the flexibility that re-franchising affords us.”

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