Air BP, AKR announce joint venture aviation fuel business for Indonesia

Air BP, BP’s aviation fuel products and services supplier subsidiary, recently signed a joint venture agreement with Indonesia’s AKR, a chemicals, petroleum, logistics and supply chain solutions company, to create a jointly owned Indonesian aviation fuel business.
 
“Air BP sees a great future for aviation in Indonesia and is pleased to be involved in this market and contribute to its future development and success,” Air BP Chief Strategy and Business Development Officer Jonathan Wood said. “Over time, Air BP and AKR aim to build a strong, sustainable and material business in Indonesia, drawing upon Air BP’s global expertise combined with the skills and knowledge of AKR -- a strong local partner.”
 
The company will provide aviation fuel services to the country’s growing domestic aviation market, which is expected to grow by 15 percent each year. The country is already the world’s fifth largest market for domestic flights, due to an emerging middle class, the country’s archipelago geography and a growing tourism industry.
 
“We are delighted that we have signed the joint venture agreement with Air BP,” AKR President Director Haryanto Adikoesoemo said. “Air BP brings global expertise in all areas of aviation fueling which matches AKR’s expertise in providing fuel logistics, supply chain solutions and infrastructure across Indonesia. The joint venture will help meet Indonesia’s growing demand for aviation fuel. We look forward to working together for mutual success.”