Gazpromneft-Aero increases jet fuel retail sales in Russia and abroad

posted on 19th August 2019 by Justin Burns
Gazpromneft-Aero increases jet fuel retail sales in Russia and abroad

Gazpromneft-Aero sold 1.31 tonnes of jet fuel according to the company’s results for the first half of 2019, increasing ‘wing-tip’ sales by three per cent year-on-year (YOY).

The total volume of jet fuel sales for the past six months reached 1.77 million tonnes.

Gazpromneft-Aero increased the volume of jet fuel retail sales at international airports by 32 per cent to 158,000 in the first half of 2019 through extended partnerships with leading international jet fuel suppliers.

In the past six months, Gazpromneft-Aero has added 13 airports to its international distribution network expanding it to 279 airports across 66 countries. China has become the largest network in terms of refuelling volume through partnerships across 31 airports.

Gazpromneft-Aero chief executive officer, Vladimir Yegorov said: “The first half of 2019 was marked by a positive trend in passenger traffic at Russian airports, an increase in the number of domestic and international flights and higher seat occupancy rates.

“These factors along with our efforts aimed at growing the efficiency of our business and the expansion of our network have resulted in an increase in our operating performance.

“That being said, it’s not only the biggest Russian transportation hubs that have significantly contributed to the total sales volume, but also the regional airports across Siberia, such as Novosibirsk, Kemerovo, Tomsk and Omsk. International airports represent another significant growth driver and we managed to increase their number to 208.”