General Agreement for Cooperation Signed between Gazpromneft-Aero and Region-Avia

A general agreement for cooperation has been signed between Gazpromneft-Aero and Region-Avia Airline Company, whereby Gazpromneft-Aero undertakes to fuel Region-Avia’s aircrafts in the regions of presence of the latter. Besides, the agreement implies extension of cooperation and business partnership, its strategic target being represented by efficient performance in the sphere of aviation fuel supplies.

“Availability of own capacities and up-to-date technologies of aircraft fuelling allows Gazpromneft-Aero providing regular jet fuel supplies to partner airline companies, secure its high quality and, consequently, flights safety”, - CJSC Gazpromneft-Aero General Director Vladimir Egorov remarked.

“Cooperation with Gazpromneft-Aero will not only enable Region-Avia to provide beneficial operating conditions in the air carriage market, but to shore up the positions of regional aviation within the Russian Federation”, - General Director of LLC Region-Avia Airline Company Denis Pavshinsky emphasized.

Reference

Gazpromneft-Aero is a subsidiary of JSC Gazprom Neft operating in the sphere of aircraft and wing fueling from January 1, 2008.

Currently, Gazpromneft-Aero is the major jet fuel supplier within the territory of the Russian Federation. The company operates an own network of jet fueling complexes. In 2009, Gazpromneft-Aero became first among peers in terms of volume of aviation kerosene retail sales.

Gazpromneft-Aero’s development strategy till 2020 envisions setup and expansion of an own network of modern fueling facilities. By 2012, Gazpromneft-Aero expects to occupy 18.5 per cent of the Russian jet fuel market, while the Company’s retail sales should hit 1.5 million tons of aviation kerosene per year. By 2020, the Company plans to establish a network of over 20 jet fueling facilities in both Russian and overseas airports.

In December 2008, Gazpromneft-Aero entered into a strategic partnership in the sphere of jet fueling with International Air Transport Association (IATA).