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Shell completes sale of Australian aviation business
Following regulatory approval, Shell has completed the sale of its Australian aviation business – Shell Aviation Australia – to Viva Energy Australia for $250mn, including working capital. Viva Energy is the exclusive licensee of all Shell branded fuels and lubricants in Australia. The Shell brand will remain visible across the aviation refuelling network in Australia and Viva Energy will continue supply to aviation customers as per existing agreements.
Shell’s upstream operations in Australia, which include exploration, production and gas commercialisation, are not impacted by the deal.
Petroleum Review will be looking at developments in the aviation sector in the August 2017 issue.
News Item details
Journal title: Petroleum Review
Countries: Australia -
Subjects: Economics, business and commerce, Aviation
