On Aug. 17, the Los Angeles Board of Airport Commissioners (BOAC) approved concession and lease agreements with seven rental car companies representing 14 brands that will relocate to the new Los Angeles International Airport (LAX) Consolidated Rent-A-Car (ConRAC) facility when it opens in 2023.
"One of our goals at LAX is to provide a more convenient, efficient, and sustainable experience," said Sean Burton, president, BOAC. "Today's lease agreements ensure that our guests will have access to some of the most recognizable brands in the rental car industry in one easily accessible location."
“With our industry partnerships, the experience of accessing LAX will become more reliable, efficient, and modern – fulfilling the expectations for this world class city,” said Deborah Flint, chief executive officer, Los Angeles World Airports (LAWA). "We are pleased that these companies have been engaged in our ConRAC planning process and are committed to being part of the future of mobility at LAX."
The companies included in the lease agreements approved by the BOAC are:
- Avis Budget Car Rental, LCC (Avis, Budget, Zip Car)
- Enterprise Rent-A-Car Company of Los Angeles (Enterprise, Alamo, National)
- The Hertz Corporation (Hertz, Thrifty, Dollar)
- Fox Rent A Car, Inc. (Fox)
- DR Car Rental, Inc. (Payless)
- Sixt Rent a Car, LLC (Sixt)
- Advantage Opco, LLC (Advantage, EZ)
LAX is the second-largest rental car market among airports in the U.S., with an average of 267,000 vehicles rented monthly. LAWA staff met with the LAX rental car industry starting in 2014 to discuss the preferred facility layout for a ConRAC facility.
Last year, a Memorandum of Understanding was executed between the companies and LAWA that outlined the framework for these agreements to locate in what will be the largest such facility in the U.S.
The ConRAC, which will be located in the area known as Manchester Square at the east end of a 2.25-mile Automated People Mover (APM) system, is expected to improve the guest experience, improve traffic flow and offer operational efficiencies.
Like the APM, the ConRAC is being built as a public-private partnership. The winning consortium among four proposers will design, build, finance, operate and maintain the facility under an agreement that continues for 25 years after it opens. The selection of the recommended developer is anticipated to go before BOAC in September.
