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.
Aircraft Is Reported To Be Less Than 2 Months Old A nearly brand new Mooney Acclaim, N608MR (pix shown, courtesy of Lakeland FD), was lost in lakeland just prior to the start of th>[...]
Also: BD-22L Accident, CRS-6 First Stage Landing, Gogo/NetJets, Air Canada, Cessna Citation M2, GAMA Hails UK The Mooney International production line seems to be rolling smoothly >[...]
Progressive Aerodyne Does it All -- Land, Sea and Sky! Explore 'no limits' living in the newly FAA certified Searey Elite Amphibious Light Sport Airplane. This distinctive aircraft>[...]
SnF2015 Sponsor: Always-Innovative Aspen Avionics Aspen Avionics specializes in bringing the most advanced technology and capability into general aviation cockpits. Our products in>[...]
Donation Allows Students, Aviation Enthusiasts, Visitors To See Dreamliner Displayed In Arizona Elected and community leaders and Boeing officials joined together today to celebrat>[...]