Avfuel Offers New Fixed Forward Pricing Program

The new option offers a fixed price below current market value for an agreed-upon length of time.

Michael Wildes

Monday, May 23, 2022 at 03:14 PM ET

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The FFP Program allows customers to buy a fixed monthly quantity of fuel at a fixed price. [Courtesy: Avfuel]

Key Takeaways:

Avfuel launched new Fixed Forward Pricing (FFP) and capped pricing agreements to help customers manage and stabilize fuel costs amidst anticipated rising market volatility.
The company announced significant network expansion, adding 13 new branded FBOs and 47 contract fuel locations since the beginning of the year.
Avfuel received the NATA Sustainability Standard for Aviation Businesses designation, being recognized as a Green Aviation Business-Tier 1 for its commitment to environmental responsibility.

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Avfuel, a global supplier of aviation fuel, announced a new Fixed Forward Pricing solution (FFP) at the opening day of the National Business Aviation Association’s European Business Aviation Conference and Exhibition (EBACE) on Monday.

The option is part of the company’s Price Risk Management Program that’s been in place since 2020. In a statement, Avfuel’s spokesperson, Muneeb Ahmed, director of trading and logistics, said the company believes it could be a year before there’s a balance in supply and demand again. adding, “While fuel prices are high, we anticipate they’ll continue to rise.”