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Airpas Aviation procures FuelPlus, creating a global leader in the aviation industry's comprehensive cost management platform, enabling airlines to understand and manage all direct operating costs, etc.
FREMONT, CA: Airpas Aviation, the market leader in cost management for the airport, ground handling, and navigation charges, merged with Fuelplus, the market leader in airline fuel administration and cost management. The new organization's management team includes executives from both companies.
Airpas and FuelPlus, both headquartered in Germany, have a combined 40 years of aviation experience. They serve 103 airlines in 27 countries and four continents, managing more than $76 billion in-flight charges and more than 28 percent of commercial jet fuel consumption annually.
Their respective teams possess the commercial insight and technical expertise necessary to assist airlines in redesigning their processes in light of cost data. Combining this expertise with leading technology solutions will create a comprehensive cost management platform for the aviation industry, enabling airlines to understand and manage all direct operating costs, identify efficiencies, reduce wastage, streamline processes, and ensure compliant emissions reporting through a single solution partner.
“The airline industry has been hit hard by the pandemic, and cost management is becoming even more critical for survival,” says Klaus-Peter Warnke, CEO of FuelPlus. “To thrive, they need to accelerate their investment in technology to create efficiencies. By having a single view of all your costs, and really understanding where you are making or losing money, you can make fact-based decisions with an immediate impact on the bottom line. This is what the merger of Airpas and FuelPlus will bring real-time data on costs and consumption that can streamline operations and increase profitability.”
“The technical know-how and expertise in both Airpas and FuelPlus will create a company at the forefront of software development for the aviation industry,” adds René Koark, Managing Director of Airpas. “The focus of both companies on driving value and best practice will support the aviation industry as it emerges from the difficulties of the past year.”
Ventiga Capital Partners, a UK-based private equity firm with a track record of investing in European technology companies, is leading the financing for the combined future growth of Airpas Aviation and FuelPlus.
“We have deep expertise in the aviation technology services market through our investment in Infare, the leading provider of airfare benchmarking data. This merger brings together two great customer and technology-focused companies, creating the global leader in critical cost management for airlines,” says Daniel Mytnik, Co-founder and Managing Partner, Ventiga Capital.