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Air BP and Grupa Lotos to form joint venture in Poland

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Staff writer ▼ | June 28, 2013
Air BP, the aviation fuel services division of BP, has signed an agreement with Grupa Lotos to form a new joint venture to manage the supply, logistics and marketing of aviation fuel in Poland.
Lotos Air BP Polska
Lotos Air BP PolskaAir BP, the aviation fuel services division of BP, has signed an agreement with Grupa Lotos to form a new joint venture to manage the supply, logistics and marketing of aviation fuel in Poland.


The new joint venture, Lotos - Air BP Polska, will be formed by Air BP buying 50 percent of Lotos Tank, the wholly owned aviation subsidiary of Grupa Lotos. Air BP and Lotos will be equal shareholders in the company with both bringing valuable strengths and expertise.

Initially Lotos - Air BP Polska will operate at Gdansk (GDN), Warsaw (WAW) and Krakow (KRK) airports. The only change will be to the name of the company, to Lotos - Air BP Polska, reflecting the change in ownership. Both companies are committed to significantly growing the presence of the new joint venture in the aviation fuel market in Poland. Lotos - Air BP Polska will leverage Air BP's global customer relationships and technical operations experience, as well as Grupa Lotos' local expertise and supply capability.

The deal is expected to be completed in the next six to eight weeks subject to competition authority approval.

"We are always looking for new opportunities to grow the Air BP business. Poland is the country with the fastest growing aviation fuel sales in Europe and we have found a strong, local partner in Lotos. As always our top priority is going to be managing safe and reliable operations. We will share our technical knowledge to assist the joint venture to operate to industry standards and ensure that everyone who works at the airport locations stays safe," said David Gilmour, Air BP chief executive.

"From the perspective of Lotos Tank's development, it is an important year. In January, the Company commenced sales of aviation fuel 'into plane' at Warsaw Chopin Airport, and will soon provide the same services at Krakow's John Paul II airport," said Maciej Szozda, Lotos Group vice-president of the management board and chief commercial officer.

"Through the Lotos - Air BP Polska joint venture we are establishing a significant presence in Poland. We will now be able to provide our commercial airline customers with aviation fuel through our newly formed joint venture when they fly to Poland, and we will expand our general aviation network by enabling customers to use their Air BP Sterling card at all the joint venture's new locations," said Alexander Junge, performance unit leader of Northern & Central Europe, Air BP.


 

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