Topaz enters Aviation fuel sector in Ireland
Monday July 5th 2010. Topaz, the country’s largest fuel and convenience retailer is expanding into the aviation fuel sector, after agreeing a joint venture deal with Shell Aviation.
The deal will see Topaz, the fully Irish owned and managed company, buy 50% of Shell Aviation Ireland Limited to create a 50:50 joint venture that will sell aviation fuel in Ireland.
Dr Frank Bergin, Director, Chief Operations Officer at Topaz, said: “We are delighted to be expanding into aviation fuels marketing and see good growth potential in this sector. This venture will create additional jobs in Dublin and drive an Irish focus to the business. It is a modest beginning but we are looking forward to developing our presence in this sector. While the aviation sector has had a challenging year we see the outlook improving markedly in the medium term.”
Sjoerd Post, Vice President, Shell Aviation, added: “Through entering this joint venture in Ireland, we can further strengthen both our aviation network in Europe and our competitive position as a global aviation fuels provider. We are excited about working in partnership with Topaz to leverage their strong local presence alongside Shell’s world-class expertise in airport operations and international sales and marketing capability.”
The new company will continue to market aviation fuels to Irish airlines currently serviced by Shell Aviation. It will also provide fuel supply and refueling services to Shell’s international customers at Irish airports. The deal remains subject to regulatory approval.
Further Information
Contact Kieran Garry
Gordon MRM
01-6650455 or 087-2368366
Enquiries to Shell Aviation: Lisa Sinagra +44 207 934 8909 / lisa.sinagra@shell.com