German aviation fuelling company Skytanking has sold its Italian subsidiary to Carboil.
Carboil, which is headquartered in Rome, has 19 sites at airports across Italy for into-plane fuelling and the aviation fuel storage, refuelling an average 700 planes per day. It will now add Skytanking’s Italian sites at Rome (Fiumicino), Naples, Venice and Palermo and storage facilities at the airports of Milano (Linate), Naples, Venice and Palermo to its portfolio.
‘Portfolio optimisation is one of the cornerstones of our strategy. After careful consideration, we have taken the decision to exit the Italian market. We have been in discussion with a number of parties regarding the sale of our Italian legal entity. We are very pleased that we have reached agreement with Carboil Srl, a well-established and respected player in the Italian into-plane service market,’ says Gerard Reumer, CEO of Skytanking Holding.