Press Release 2003

Star Alliance creates Fuel Purchasing Entity
 
The chief executives of the Star Alliance today announced the foundation of a joint company to manage the procurement of jet fuel at selected airports around the world.

On behalf of the Chief Executives of all 15 member airlines, Yoji Ohashi, President and CEO of ANA, describes the decision as "a further step on our way to make use of the full potential of global collaboration. Our members' collective wealth of experience in the field of the fuel supply will enable us to efficiently manage the single most important raw material for our business."

"Star Alliance FuelCo" will start its operation as an American-based company in 2004.

Star Alliance was established in 1997 as the first truly global airline alliance to offer customers global reach and a smooth travel experience. The members are Air Canada, Air New Zealand, ANA, Asiana Airlines, Austrian Airlines Group, bmi, LOT Polish Airlines, Lufthansa, Mexicana Airlines, SAS, Singapore Airlines, Spanair, Thai Airways International, United and VARIG Brazilian Airlines. US Airways is scheduled to join the alliance in 2004.

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