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.
With the deadline for the comment period on the Environmental Protection Agency’s advanced notice of proposed rulemaking (ANPRM) to phase out leaded avgas having just passed, many in the industry remain galvanized for possible effects of the proposed mandate.
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.
When the Senate passed an FAA reauthorization bill in late March, the general aviation community breathed a little easier. Like the companion legislation already passed in the House, it did not contain any user fees for GA.
In a bid to bolster the market for alternative fuels, two of the world's largest consumers of jet-A have formed a strategic alliance: the U.S. Air Transport Association and the U.S. Department of Defense. According to ATA president James May, environmental considerations and rising prices for petroleum-based fuel motivated the agreement signed last month.
Piper Aircraft’s entrant into the Light Sport Aviation (LSA) segment, the two-seat PiperSport, is parked in the static display here, its first venture outside of the U.S. in Piper colors. The U.S. manufacturer, which is making its Singapore Airshow debut, launched the aircraft last month.
Shell Aviation (Booth No. 3259) is offering a new customer loyalty rewards program for purchasers of Shell-branded aviation gasoline and jet fuel at participating Shell Aviation FBOs around the country. The new Shell AeroClass program allows individuals or organizations to earn points based on fuel purchases, which can be redeemed for MasterCard gift cards.
The FAA’s recent special airworthiness information bulletin (SAIB: NE-09-25R1) regarding recommended safe-operating guidelines in the possible presence of the jet-fuel contaminant Fame (fatty acid methyl ester) has caused some confusion among operators. The agency is concerned that jet fuel could be exposed to Fame contamination through the use of multi-product fuel-transport systems and is taking steps to begin educating operators.
The prospect of synthetic fuel qualification took an important step closer to reality last month when ASTM International’s aviation fuels subcommittee passed a new specification for alternative jet fuel. The new specification details the properties and criteria required to control the production and quality of synthetic fuels for aviation use.
The possibility of commercially available synthetic jet fuels took a step closer to reality last week when ASTM International’s aviation fuels subcommittee passed a new specification for alternative jet fuel. The new specification details the properties and criteria required to control the production and quality of synthetic fuels for aviation use.