Mon, Feb 04, 2013
Acquires 50 Percent Stake in German Company In Exchange For Intellectual Property, Aviation Fuels License
An American company that is developing a commercial replacement for leaded general aviation gasoline has announced the acquisition of a 50 percent stake in a German firm. The transaction allows Zweibrücken, Germany-based Swift Fuel GmbH to license the intellectual property and technical expertise, including 100SF aviation gasoline targeted for general aviation aircraft, from Indiana-based Swift Fuels LLC.
"We are helping Swift Fuel GmbH to be uniquely positioned in unleaded aviation fuels across Europe and to allow key investors to participate in this opportunity," said Chris D'Acosta, CEO of Swift Fuels.
D'Acosta said the business deal will allow Swift Fuel GmbH to develop and sell high-performance fuels, additives and specialty chemicals across Europe. "This is a major milestone in our efforts to broaden Swift Fuels' market coverage and deepen our technical base," he said. "I have the highest confidence and greatest respect for Thomas Albuzat and Andreas Penner, who founded Swift Fuel GmbH."
Swift Fuels LLC is based in the Purdue Research Park of West Lafayette.
In Fond Remembrance Of My Dear Vicki, Five Years Since Her Loss Hi Folks... In the last five years, you and I have been through a lot. We've watched the fortunes of the aviation wo>[...]
A Bit Of History Lovingly Restored To The Sport Aviation World ANN's Michael Maya Charles had to search around at EAA AirVenture 2014 to find this story. The Aeroplane Factory buil>[...]
International Fellowship of Flying Rotarians The International Fellowship of Flying Rotarians (IFFR) is a group of Rotarians dedicated to promoting Rotary and aviation as an opport>[...]
Used by ATC to direct aircraft to intervening fixes between the en route structure and the initial approach fix.>[...]
"We pause to remember the life and legacy of an American hero. Bernie's life is an inspiration to those who met him and to all Airmen who will continue to hear his story. Source: C>[...]