IndianOil Skytanking inks pact with BAIL

Bangalore, May 21 (UNI) IndianOil Skytanking Ltd (IOSL) today announced the signing of a ten-year agreement with Bangalore International Airport Ltd (BIAL) for offering Into-Plane Services to domestic and international airliners.

The agreement was signed by BIAL CEO Albert Brunner and IOSL CEO R Ravi Kumar, according to a release here. The second agreement signed by BIAL would enable IOSL get access to fuel aircraft landing at the new airport scheduled to open during 2008.

IOSL was a joint venture of Indian Oil Corporation, Indian Oiltanking and Skytanking Holding of Germany. IOSL was also the Fuel Partner for BIAL and was building its Fuel Farm Facility and Hydrant System at a cost of 23 million US Dollar at the airport. BIAL was expected to handle up to one lakh take-offs and landings annually and this business alliance would add strength to IOSL's Fuel Farm operations.

UNI