Puma buys BP's aviation business in Puerto Rico

Puma Energy has signed a purchase agreement with BP to buy its local aviation business in Puerto Rico, according to a statement published in mid-May.

“Subject to regulatory and other approvals, Puma Energy hopes to complete (the transaction) by the middle of 2015. Puma Energy will assume operatorship of the site at the Luis Muñoz Marín International Airport in San Juan, which services over 4 million passengers per year,” the company said.

Puma Energy already serves over 45 airports, the company added.

“This acquisition will allow us to provide secure supply of fuel for Puerto Rico’s aviation needs. It will also allow us to widen supply options across the Caribbean and Americas,” said Rodrigo Zavala, chief operating officer for Puma Energy Americas.

Puerto Rico is the regional hub for Puma Energy’s Americas business, and home to a network of 350 retail sites and 175 employees, the company said.