Aviation fuel card market offers a payment approach that allows aircraft owners to buy fuel, track spending, limit consumption, and file costs more quickly. It can also assist airlines in managing the fuel expenditures of their business vehicles. A fuel card can be a very useful payment method because it provides aircraft owners or airlines complete control over all of their fuel purchases. Airlines may be able to reduce expenses by evaluating the amount of fuel utilized and how much has been paid on fuel cards. Aviation fuel card market players also helps airline companies to identify the most efficient airline routes. In 2019, the world's airlines carried 4.5 billion passengers, including 1.9 billion foreign passengers and 2.6 billion domestic passengers. In 2019, 8.68 trillion revenue passenger kilometers were created. In 2019, 1,478 airlines flew 33,299 commercial aircraft to 3,780 airports via a route network of several million kilometers controlled by 162 air navigation service providers. The above statistics show the vast nature of the global aviation fuel card market. Increased air transportation activities directly affect the consumption of aviation fuel globally. It is estimated that ~94 billion gallons of aviation fuel consumed in 2019. Volatility in fuel prices, thin margins in the aviation industry, and strong distribution networks have driven the adoption and growth of global aviation fuel card market. In 2016, EPIC Fuels and Signature Flight Support entered into a partnership that will benefit both cardholders and FBOs. Under the terms of the agreement, EPIC Fuels will be the card issuer for the new Signature Flight Support Multi Service Aviation co-branded aviation card. Many aviation fuel producing companies have expanded their aviation fuel card service network, which is further supporting the aviation fuel card market growth.

Key Findings of Market Study:

The aviation fuel card market growth in France is mainly driven by the widely spread fuel card network by fuel-producing companies such as Total Energies and Air BP. Total Energies offers its services to private and commercial aviation sectors. Total Energies Jet A-1 aviation fuel card is currently active in almost 60 airports, and the AVGAS 100LL aviation fuel card is available at over 120 airports. Total Energies has always been focused on creating a monopoly in the French market for aviation fuel and aviation fuel card market. In 2021, Total Energies launched the tax-inclusive JET A-1 fuel card. The domestic tax on energy products (TICPE) in France, formerly known as the domestic tax on petroleum products (TIPP), targets petroleum products when used as fuel or heating fuel. This tax, of course, applies to the aircraft industry. JET A-1 refueling is billed inclusive of fuel tax with this new card option. The card is accepted throughout the French network, which includes almost 60 facilities that supply JET A-1, 20 of which have automated vending systems. On the usage of this new fuel card, the company started providing unique special rates across the entire French territory with simplified billing. Such initiatives by Total Energies have increased the growth of aviation fuel card market share in France.

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