Skytanking Opens New Fuel Facility at Stuttgart International Airport
On January 31, 2007, Skytanking and Flughafen Stuttgart sign a contract for the construction and operation of the new aviation fuel storage facility. The 30-year “BOOT” contract is the first of its kind for a storage terminal at a German airport. “BOOT” stands for Build-Own-Operate-Transfer and is a commonly used contract structure for infrastructure projects. Internationally, it is being used by more and more airports that require new fuel facilities, as it allows the airport to outsource the financing, design, construction and operation of the facilities to an independent specialist like Skytanking. At the end of the 30-year contract, ownership of the facilities is transferred to the airport.
The new fuel storage facility, which was built in just 15 months with a capacity of 4,500 cbm Jet Fuel (Jet A-1), is designed to the highest international standards for aviation fuel. In addition to the BOOT contract, Skytanking is also awarded an into-plane fuelling license.