NATIONAL Car Rental has formed a partnership with one of Iceland's largest vehicle rental companies, Holder ehf.

The company said its new partnership is part of its ongoing European expansion plans.

Holder ehf has been supplying rental cars in Iceland for more than 30 years and currently has 12 rental locations.

Ron Santiago, vice-president of international sales and marketing EMEA for National Car Rental, said: 'Iceland holds great potential for the brand - there is a growing leisure market for car rental as well as traditional business users. There is also a large US forces base that provides further business opportunities.'