Air BP and China National Aviation Fuel Group (CNAF) are launching an aviation fuel business in Southwest China, that will cover Sichuan Province, Guizhou Province and Chongqing Municipality.
Subject to regulatory approvals, the joint venture will be called the China National Aviation Fuel Group (CNAF) Air BP General Aviation Fuel Company.
According to Air BP the Chinese general aviation sector has seen rapid growth in recent years. China’s government has said that by 2020 it expects general aviation in China will reach two million hours flown and the fleet size will exceed 5,000 aircraft.
Jon Platt, CEO of Air BP said, “Combining Air BP’s globally renowned global aviation fuels, best practices and innovative fuelling technologies with CNAF’s strong presence and local expertise, we look forward to jointly contributing to the sustainable development of China’s aviation industry over the long term.”
Zhou Qiang, chairman of CNAF said, “Although China’s general aviation is still in its early stage, we are confident that it will grow into a towering tree and become the two wings of China’s aviation industry together with commercial aviation. The cooperation between CNAF and Air BP will support the development of China’s general aviation industry.”
Air BP already partners with CNAF in China’s commercial aviation sector through its Shenzhen Chengyuan Aviation Oil company and the South China Bluesky Aviation Oil Company joint ventures. The two companies supply aviation fuel to 29 airports in central and southern China.
“This newly-signed joint venture agreement not only underlines BP’s continued confidence and commitment in the Chinese market, but also reaffirms our dedication to support the transformation of China’s industry through innovation and growth,” added Xiaoping Yang, BP China chairman and president.