Skymetrix: the new leader in fuel and cost management

Headquartered in Germany, Airpas and FuelPlus had a combined 40 years of experience in the aviation industry. Together they served 103 airlines across 27 countries and four continents, and annually managed over $76 billion of flight charges and over 28% of commercial jet fuel consumption.

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Airpas and FuelPlus merge
to form Skymetrix

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On June 14, 2021 Airpas Aviation — the leader in cost management for airport, ground handling and navigation charges — merged with FuelPlus, the industry leader in fuel administration and cost management for airlines, to form Skymetrix

Headquartered in Germany, Airpas and FuelPlus had a combined 40 years of experience in the aviation industry. Together they served 103 airlines across 27 countries and four continents, and annually managed over $76 billion of flight charges and over 28% of commercial jet fuel consumption.  

Their respective teams have the commercial understanding and technical knowledge required to help airlines redesign their processes based on cost data. Combining this expertise and leading technology solutions will create a complete cost management platform for the aviation industry, enabling airlines to understand and manage all their direct operating costs, find efficiencies, reduce wastage, simplify processes, and ensure compliant emissions reporting through a single solution, with a single partner.

“The airline industry has been hit hard by the pandemic, and cost management is becoming even more critical for survival,” said Klaus-Peter Warnke, CEO of FuelPlus. “To thrive, they need to accelerate their investment in technology to create efficiencies. By having a single view of all your costs, and really understanding where you are making or losing money, you can make fact-based decisions with an immediate impact on the bottom line. This is what the merger of Airpas and FuelPlus will bring – real-time data on costs and consumption that can streamline operations and increase profitability.

This merger brings together two great customer and technology-focused companies, creating the global leader in critical cost management for airlines. 

Daniel MytnikCo-founder and Managing Partner of Ventiga Capital Partners

The technical know-how and expertise in both Airpas and FuelPlus will create a company at the forefront of software development for the aviation industry,” added René Koark, Managing Director of Airpas. “The focus of both companies on driving value and best practice will support the aviation industry as it emerges from the difficulties of the past year.”

The funding for the future growth of the combined company is led by Ventiga Capital Partners, a UK-based private equity firm with a track record of investing in European technology companies.

We have deep expertise in the aviation technology services market through our investment in Infare, the leading provider of airfare benchmarking data. This merger brings together two great customer and technology-focused companies, creating the global leader in critical cost management for airlines,” said Daniel Mytnik, Co-founder and Managing Partner.

 

More about the companies involved

Airpas Aviation was the leading provider of non-fuel direct operation cost charges which includes airport charges, ground operations, navigation, crew travel and catering charges. Airpas processes more than $45 bn of direct flight charges for airlines every year. It was previously owned by Sabre Corporation. 

FuelPlus was the leading provider of fuel administration and management software to the aviation industry, managing approximately $31bn of fuel related charges annually. It was previously independently owned.  

Ventiga Capital Partners is a UK-based independent private equity firm, which focuses on unlocking value in complex transactions and driving growth in high-quality, profitable lower-middle-market businesses within growing market niches in the UK, Nordic and DACH regions. 

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Skymetrix was formed in 2021 following the merger of two leaders in aviation fuel and cost management — Airpas and FuelPlus. Together, we have over 100 customers, 20+ years experience in the field, and well-established strategic partnerships with industry bodies including IATA.

A Ventiga Capital company

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