Airpas Aviation, cost management provider for airport, ground handling and navigation charges, is merging with FuelPlus, the fuel administration and cost management provider for airlines. The management team of the new organisation will include leaders from both companies.
Headquartered in Germany, Airpas and FuelPlus have, between them, 40 years of experience in the aviation industry. Together they serve 103 airlines across 27 countries and four continents, and annually manage over $76 billion of flight charges and over 28% of commercial jet fuel consumption.
“The airline industry has been hit hard by the pandemic, and cost management is becoming even more critical for survival,” said 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,” added 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.”
The funding for the future growth of the combined company is led by Ventiga Capital Partners, a UK-based private equity firm with a track record of investing in European technology companies.
The merger of the two companies will take effect from 14th June.