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Awarded contract·Jacksonville Aviation Authority·Florida

Rental Car Concession Services

Won by Avis Budget +3 more$50MMultiple Award
Contract source

Awarded vendors

  • Avis Budget
  • Enterprise Leasing Company of Florida, LLC
  • The Hertz Corporation
  • Sixt Rent A Car, LLC

Description

This contract governs the on‑airport rental‑car lease and concession for four major car‑rental operators at Jacksonville International Airport. The original five‑year lease began on June 1 2023 and runs through May 31 2028, with an option for one additional five‑year renewal. Recent second‑amendments (effective October 1 2026) expand the physical premises for each concessionaire to include new ground‑level space created by a parking‑garage project slated for completion around early October 2026. No financial terms or performance milestones are disclosed in the amendments; the agreement simply adds space to the existing lease framework. The agency overseeing the contract is the Jacksonville Aviation Authority, and all four vendors are existing concessionaires (Avis Budget, Enterprise, Hertz, Sixt). The contract is exempt from public disclosure under Florida statutes, limiting public access to detailed financial or operational data. • Original lease: 5‑year term (06/01/2023‑05/31/2028) with one optional 5‑year renewal. • Second amendments (effective 01 Oct 2026) add ground‑level premises from a new parking garage for each vendor. • No monetary amounts, bid deadlines, or performance schedules are provided; the agreement is a lease‑type concession rather than a competitive procurement.

Attached files

Key dates

Contract modified
10/1/2026
Starts
6/1/2023
Ends
5/31/2028Renews
Duration
5 years

Last updated

Details

Award type
Multiple Award
Procurement
Sole Source
Industry
Transportation and Public Transit
NAICS
488190
Solicitation №
22-16-43101

Contract value

$50,000,000

The documents do not disclose the contract’s monetary value. Estimating based on typical airport rental‑car lease fees, a large hub airport often charges each concessionaire several hundred thousand dollars per year for space, plus a revenue‑share component. Assuming an average annual rent of $2 million per vendor (covering multiple locations within the airport) and a modest revenue‑share of $500 k per year, each vendor’s total annual exposure could be around $2.5 million. Over the five‑year primary term, that yields roughly $12.5 million per vendor, or $50 million for all four vendors combined. Considering the optional renewal and the added garage space (which may increase rent modestly), a reasonable ballpark estimate for the entire contract suite is between $45 million and $55 million. For reporting, we select the midpoint: $50 million.

AI estimate from the award documents

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