Hannover, Germany.  8th February 2016

The FuelPlus Group, the leading developer of aviation fuel management software, has today announced the signing of an exclusive contract with Platts, the leading global provider of benchmark jet fuel price assessments. The agreement will enable FuelPlus to provide an automated contract price update function based on daily Platts data feeds into its airline.ONE software platform to airlines with fleets up to 40 aircraft.

Klaus-Peter Warnke CEO of FuelPlus said “Our mission has always been to empower the aviation industry to implement robust processes, increase efficiencies and control costs, and our new partnership with Platts fully supports this.  We’re very excited to enter into this collaboration as it signifies an historic way to enable smaller airlines to benefit from this valuable data.  This huge segment of the airline market would ordinarily rely on their suppliers to provide price updates, but now airlines can calculate price updates independently using data direct from the source, bundled with our system.  With benchmark prices sourced directly from Platts, our airline customers can benefit from enhanced contract updates and cost control.”

Through the new partnership with Platts, FuelPlus offers this segment of the airline industry an opportunity to streamline and automate price updates based on Platts indexes. This means procurement will have greater control of their Platts based jet fuel contracts, and audit can be assured that price updates are independent.

”Platts is committed to serving and meeting the pricing, data and analytics needs of all segments of the aviation industry,” said Andy Bose, General Manager, Petroleum at Platts. “We are very pleased to be the exclusive pricing provider to FuelPlus. The airline.ONE software is an efficient platform that will enable smaller airlines to access our benchmark jet prices for their contracting and fuel management needs.”

These automated price updates are used in many areas of the system including:

ABOUT FUELPLUS

The FuelPlus Group is the leading provider of fuel management software to the aviation industry. Nearly 50 airlines and suppliers on 4 continents use FuelPlus systems for their day to day fuel management. Headquartered in Germany the FuelPlus Group operates worldwide with a global development and support center in Romania and regional offices in America, Europe and Asia. Close collaboration with industry-leading carriers and fuel suppliers as well as with industry organizations such as IATA ensures constant product and service enhancements.

ABOUT PLATTS

Platts is the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to Platts’ expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets and help them make better informed trading and business decisions. Founded in 1909, Platts’ coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. A division of McGraw Hill Financial, Platts is headquartered in London and employs over 1,000 people in more than 15 offices worldwide. Additional information is available at http://www.platts.com