Air BP is to buy 50% of Lotos Tank, the wholly-owned aviation subsidiary of Grupa Lotos, forming the joint venture Lotos-Air BP Polska. Initially, the company will operate at Gdansk, Warsaw and Krakow airports.
The partnership aims to boost Air BP’s global customer relationships and technical operations, as well as Grupa Lotos’ local expertise and supply capability.
The deal is expected to be completed by mid-August, subject to competition authority approval.
David Gilmour, Air BP’s Chief Executive, said: “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.”
Maciej Szozda, Lotos Group Vice President of the Management Board and Chief Commercial Officer, added: “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. The beginning of our cooperation with Air BP not only gives Lotos a possibility of competitive development in Poland, but also, and more importantly, is a great opportunity for foreign expansion, which we will surely utilise.”