Delta Subsidiary Acquires Pennsylvania Oil Refinery | Aviation International News

Delta Subsidiary Acquires Pennsylvania Oil Refinery

Delta Air Lines is acquiring an oil refinery to help manage its fuel costs in an airline industry first.

Appearing in front of the Trainer Refinery on May 1, Pennsylvania Governor Tom Corbett said he worked 'for several months' with Delta and ConocoPhillips to arrange the sale of the idled plant. (Photo: Pennsylvania Governor's Office)

May 7, 2012

Delta Air Lines plans to manage the volatile cost of jet fuel by getting into the oil refining business, an airline industry first. On April 30 the carrier said its wholly owned Monroe Energy subsidiary will acquire a refinery complex southwest of Philadelphia from Houston-based Phillips 66 for $180 million.

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