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JAMAICA AIR CRAFT REFUELING SERVICES
LIMITED (JARS)
JARS – Jamaica Aircraft
Refueling Services Ltd. - is a joint venture company, owned equally by
Petrojam Ltd. and Air/BP. The purpose of the company is to supply Turbo
Fuel directly "into-plane" at Jamaica’s airports. The joint venture brings
together Petrojam’s ability to supply the Turbo fuel, and Air/BP’s
expertise with "into-plane" operations.
The formation of JARS in
1999 was a strategic response to the activities of the Multinational
Marketing Companies, whose imports of Turbo fuel into Jamaica had
significantly reduced Petrojam’s outlet for this product, and threatened
to shut down the refinery’s operations.
JARS began operations in
April 2000 without any customers, and has since grown to achieve 60%
market share at the Norman Manley international Airport, and 20% market
share at the Sangster International Airport (SIA).
The major plans underway
for JARS include:
Seek to expand market
share at SIA
Include aircraft lube
oils as part of its product portfolio
Possible joint
operations with the other fuel supply companies (Texaco and Esso)
Implement the Joint
Venture project at SIA in conjunction with Texaco and Esso to
construct/manage/operate fuel storage facilities.
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