ExxonMobil has loosened the reins on its ester-based jet turbine oils business following the expiration of restrictions imposed when Exxon Corp. merged with Mobil Corp.
As a condition of the 1999 merger, the U.S. Federal Trade Commission and the European Commission required Exxon to divest its Exxon Turbo Oil business, saying it would hold too much market share if combined with Mobils business. (With the consent of the commissions, ExxonMobil sold the business to BP in early 2001.) In addition, ExxonMobil had to agree not to actively try to sell Mobil Jet Oils to customers that had exclusively used the Exxon products.
That restriction expired Jan. 1, and according to a news release issued Monday, ExxonMobil is glad to be free of it.
Mobil Jet Oils are the lubricants of choice for the majority of the worlds leading airlines, Global Aviation Lubricants Manager David Parsons said. Now that we have emerged from the temporary non-solicitation period, ExxonMobil is eager to introduce the products to potential customers.