AASL Signs Agreement to Establish Jet Fuel Supply and Storage Facility at the Premises of Bandaranaike International Airport (BIA), Katunayake
October 31, 2023
Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) and Cannel (Private) Limited entered into a long-term lease agreement to establish a Jet Fuel supply and storage facility at the Bandaranaike International Airport (BIA), Katunayake for the purpose of importing, storing, distributing, transporting, selling and supplying Jet Fuel to service providers and aircrafts.
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 of Ministers granted approval to expand the market opportunities for the supply of Jet A-1 fuel to airlines. Accordingly, the Ministry of Ports, Shipping and Aviation has sought approval from the Cabinet of Ministers for AASL to enter into an Agreement.
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