World Fuel Services
Miami, Fla.-based World Fuel Services (WFS) bolstered its general aviation offerings, having signed an agreement to purchase contract fuel and international trip planning provider Colt International. Colt, founded in 1999, serves 5,700 flight departments.
Fuel logistics company World Fuel Services recently opened an office in São Paulo, with native Paulistano Celso Azuma appointed as business aviation sales executive for the region. The new office provides local “boots on the ground” expertise that will enable the company to serve the needs of FBOs and flight departments more effectively. The office handles the supply of Ascent brand aviation fuel, as well as the Alliance-World Fuel Services contract fuel program and other WFS business aviation-related products and services.
While the name on the side of the refueling truck might say Air BP, BR Aviation or Shell, what’s inside it at any airport in Brazil all comes from the same source. All discussions of aviation fuel in the country must start with Petróleo Brasileiro (Petrobras), the national oil refiner of Brazil and the official supplier of Jet-A and avgas. Petrobras produces approximately 70 percent of the Jet-A used in the country and imports the remainder in its effort to supply the three major distributors.
Business aircraft trip planning and support services firm BaseOps International opened its new Singapore office last week, bolstering its international presence. “To meet the growing demands of international trip planning services throughout Asia and the Pacific Rim, we felt it was important that we place resources in the region,” said Michael Clementi, president of World Fuel Services’ aviation segment. BaseOps is a subsidiary of World Fuel Services and is celebrating its 25th anniversary this year.
World Fuel Services officially launched the new Ascent fuel brand for FBOs this week at the NBAA Convention. The company brought one of its refueler trucks, complete with new global fuel brand logo, to Orlando to show attendees what they can expect to see over the next year as the company rolls out its global branding. Ascent will also offer equipment leasing, credit card processing, contract fuel, FBO marketing assistance and training and product liability insurance protection.
World Fuel Services and ExxonMobil Aviation partnered to launch the Avitat Premier Card program, which provides discounted fuel and aviation-related services at participating Exxon and ExxonMobil Avitat FBOs in the U.S. and Bahamas. Customers with the Avitat Premier Card will receive special pricing, offers and services at participating locations when they identify themselves as members.
World Fuel Services has agreed to acquire Eden Prairie, Minn.-based Western Petroleum, including its branded aviation fuel distribution business, for $95 million. The $95 million purchase price could be increased by up to $20 million if Western’s net assets exceed an agreed target at completion of the deal, which is expected this month.
World Fuel Services on Monday announced an agreement to acquire Eden Prairie, Minn.-based Western Petroleum, including its branded aviation fuel distribution business, for $95 million.