Air BP and Grupa Lotos sign aviation agreement

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. The new joint venture, Lotos – Air BP Polska, will be formed by Air BP buying 50% 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.