Avis hands ownership to workers

Alaska’s oldest rental car company just flipped the script.

After 70 years as a family-run operation, Avis Alaska handed the keys to its employees. Folks from Anchorage to Juneau now own real equity in the company they’ve been keeping afloat for decades. The shift to an ESOP means retirement plans get stronger, and profit-sharing isn’t just a perk anymore. It’s real ownership, spread across workers from counter staff to fleet teams. The move also locks the business into Alaska’s hands instead of outside investors. For a company spread across ten cities, that stability matters. And for long-timers who’ve built their careers there, this is a major boost heading into the next chapter.

Alaska companies rarely make moves this local-first.