August 17, 2022 (MLN): Shell Pakistan Limited (PSX: SHEL) has decided to discontinue its aviation operations across Pakistan, the company’s filing on PSX showed today.
Presently, the company carries out its aviation-related operations at Jinnah International Airport (JIAP), Quetta International Airport (QIAP), Begum Nusrat Bhutto Airport (BNB) (Sukkur) and Nawabshah Airport (WNS).
“Following the expiry of the leases related to the above airports, the Pakistan Civil Aviation Authority (CAA) has floated a joint-tender inviting participants to bid for the operation of six (6) airports; including all four of the airports currently operated by SHEL (listed hereinabove) as well as Skardu International Airport (KDU) and Gwadar International Airport (GDU),” the notice read.
After due consideration of a wide range of factors, including legal compliance, financial and commercial considerations, the company has taken the decision not to participate in the tender.
SHEL is committed to the safe handover of operations to the CAA and/or relevant stakeholders (as appropriate) at the airports at which it is currently operating.
The final date of exit from these airports will be communicated after consultation with the CAA.
The company remains committed to continuing all its other businesses and operations in Pakistan, which remain unaffected, it added.
