Shell completed the sale of its aviation business, Shell Aviation Australia, to Viva Energy Australia for $250 million, the company announced on Wednesday.
Under the sale agreement, the Shell brand will remain visible across the aviation refueling network in Australia and Viva Energy will continue to supply aviation customers as per existing agreements.
Viva Energy is the exclusive licensee of all Shell branded fuels and lubricants in Australia.
Customers of Shell's aviation business include airports and airlines, military, private customers such as corporate jet operators, and flying clubs.
Shell said its upstream operations in Australia, which include exploration, production and gas commercialization, are not impacted by the sale.
By Zeynep Beyza Kilic