Aviation services provider TAC Air has unveiled a new product at NBAA (Booth No. C6927) which the Texarkana, Texas-based company said is aimed at helping flight departments protect themselves against drastic fuel cost fluctuations. Developed in cooperation with sister division TAC Energy, the fuelBase program analyzes a flight department’s fuel usage history through the application of a customized package of price risk management tools and helps sets a price for the amount of fuel needed.
“With fuelBase, flight departments can now remove the guesswork and risk of price fluctuations from their annual fuel budget,” said Matt Davis, TAC Air’s director of business development, who noted the recent volatility in the market. Over the past 12 months there has been a 45-percent swing in the underlying cost of jet-A, which was tame in comparison with 2008. That year saw a 211-percent differential between the lowest price of jet-A and the highest price.
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