Maldives has posted a significant growth in jet fuel re-exports in the third quarter of the year, the central bank, Maldives Monetary Authority (MMA) figures have shown.
According to MMA’s Quarterly Economic Bulletin, Jet fuel re-exports
rose by 14 percent to USD5.3 million driven primarily by the increase in flight movements during the period.
Maldives has witnessed a significant increase in flight operations, with both domestic, scheduled and charter flights on the up.
The new fuel farm and fuel hydrant system at the country’s main airport, Velana International Airport (VIA) was inaugurated last month by President Dr Mohamed Muizzu. The old fuel farm has a storage capacity of 13 million litres.
However, the newly developed fuel farm can store up to 45 million liters of jet fuel, in addition to one million liters of diesel and 100,000 liters of petrol.
With the fuel hydrant network, the time required to refuel flights has been greatly reduced with an 8.4km network installed to provide this service. The system has been designed to refuel seven aircrafts at a time, according to Maldives Airports Company Limited (MACL).
According to the Ministry of Tourism, more than 1.8 million tourists arrived in Maldives by air as of November this year. The majority of tourists flew into VIA followed by Gan International Airport.