31 October 2023 06:37 pm Views - 1471
A long-term lease agreement was signed between the Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) and Cannel (Private) Limited to establish a jet fuel supply and storage facility at the Bandaranaike International Airport (BIA).
The storage facility will be established at the airport premises for the purpose of importing, storing, distributing, transporting, selling and supplying jet fuel to service providers and aircraft.
This is a significant achievement of AASL as the statutory service provider to grant the opportunity to Cannel (Private) Limited to establish another jet fuel storage facility, which will result in expanding the market in order to supply Jet A-1 fuel without any shortage in the future.
Earlier, the Cabinet had granted approval to expand the market opportunities for the supply of Jet A-1 fuel to airlines.
Accordingly, the Ports, Shipping, and Aviation Ministry had sought approval from the Cabinet for AASL to enter into an agreement. (Chaturanga Pradeep Samarawickrama)