Air BP, an international aviation fuel products and services supplier, and AKR decided to sign a joint venture agreement on November 15th, 2016. The agreement was signed by Jonathan Wood, Chief Strategy and Business Development Officer of Air BP, and Mr Haryanto Adikoesoemo, President Director of AKR, in London.
The joint venture company, PT Dirgantara Petroindo Raya, will operate under the name of Air BP-AKR Aviation to develop aviation fuel business in Indonesia. Air BP and AKR see a huge potential within the Indonesian aviation fuel sector. The joint venture is intended to support the development of the aviation industry and contribute to the growth of the Indonesian economy by investing in infrastructure, applying the latest innovative technology and operational best practices for the supply of aviation fuel.
Air BP supplies 7 billion gallons of aviation fuel to over 2 million aircraft annually, and supplies to over 800 locations representing more than 400 commercial airlines in over 50 countries. Air BP also leads and participates in over 150 joint ventures across the globe from the Artic to the Middle East. This new joint venture further demonstrates Air BP’s commitment to support aviation growth in developing markets. It also demonstrates BP’s continued commitment and investment in Indonesia.