Aviation fuel supplier Air BP has signed an agreement with Poland’s Grupa Lotos to form a 50-50 joint-venture company to manage the supply, logistics and marketing of aviation fuel in the country. As part of the deal, Air BP has purchased half of Lotos Tank, Grupa Lotos’s aviation subsidiary. Initially the new company, known as Lotos-Air BP Poland, will operate at Gdansk, Warsaw and Krakow airports.
Air BP signed an agreement today with Grupa Lotos to form a new 50-50 joint venture–Lotos-Air BP Polska–to manage the supply, logistics and marketing of aviation fuel in Poland to airline and general aviation customers. Alex Junge, Air BP’s performance unit leader for northern and central Europe, said general aviation customers will be able to use their Air BP Sterling card at all the new joint-venture locations. Air BP expects the deal to be sealed in the next six to eight weeks, subject to competition authority approval.