Skyways Air Services Limited has announced the renewal of its Global Annual Agreement with Qatar Airways Group Q.C.S.C. The renewed agreement, effective from January 1, 2026, was signed on November 6, 2026, for a term of one year. This renewal aims to further increase mutual air cargo volumes handled. The agreement was entered into on an arm’s length basis and Qatar Airways is not a related party.
Global Agreement Renewal
Skyways Air Services Limited has officially renewed its Global Annual Agreement with Qatar Airways Group Q.C.S.C. This significant renewal marks a continued strategic partnership aimed at enhancing air cargo operations between the two entities.
Agreement Details
The renewed agreement is effective from January 1, 2026, and was executed on November 6, 2026. It is set to run for a term of one (1) year from the effective date. The primary objective of this continuation is to foster an increase in mutual air cargo volumes handled by Skyways Air Services Limited.
Relationship and Basis
It has been clarified that Qatar Airways is not a related party to Skyways Air Services Limited. The agreement has been established within the ordinary course of business and is based on an arm’s length transaction, ensuring fair market terms.
Disclosure Information
Detailed information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI circulars, has been provided as an attachment to this intimation. This information is also being uploaded on the company’s official website for public access.
Annexure Details
The annexure to the disclosure provides specific details regarding the agreement:
- Parties to the Agreement: Skyways Air Services Limited and Qatar Airways Group Q.C.S.C.
- Purpose: Global Annual Agreement to enhance air cargo volumes.
- Size of Agreement: Not quantifiable.
- Shareholding: No shareholding of Skyways Air Services Limited in Qatar Airways Group Q.C.S.C., and vice versa.
- Significant Terms: No specific terms such as special rights or director appointments were detailed as significant.
- Related Parties: The parties are not related to promoters or group companies.
- Arm’s Length Transaction: The transaction falls within arm’s length.
- Other Disclosures: Nil, with no nominees on the board or potential conflicts of interest identified.
Source: BSE
