In a notable operational shift, the Directorate-General of Civil Aviation (GACA) has decided to terminate United Projects for Aviation Services Company (UPAC)’s control over the parking facilities at Kuwait International Airport’s Terminal 1.
In a disclosure to Boursa Kuwait, UPAC confirmed that it will no longer operate the Terminal 1 parking areas effective Monday, May 19. The company estimates that this decision will result in a direct loss of 7 million dinars in annual revenue, a significant impact on its income stream, reports Al-Anba daily,
The withdrawal marks a turning point for UPAC, which has managed the parking facilities under a long-term arrangement. While the company has not disclosed the reasons behind GACA’s move, industry sources suggest it may be tied to a broader restructuring of airport operations or preparations for enhanced public-private partnership models.
With this development, UPAC’s presence at Terminal 1 officially ends, prompting questions about how the company plans to mitigate the revenue shortfall and whether it will pursue compensation or legal remedies.
Market analysts are watching closely to assess the potential impact on UPAC’s financial performance and its ability to reallocate resources or secure alternative contracts to recover lost income.
