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Friday, April 20, 2007

Airports of Thailand terminated King Power Duty Free’s contracts

Airports of Thailand Plc (AOT)’s board of directors resolved on Thursday (April 19, 2007) to call a new bidding for operators of duty-free shops at the Suvarnabhumi Airport, indicating an eventual end in its contracts with King Power International.

The board also agreed to have all tenants at the airport to negotiate for new contracts with AOT individually. Previously King Power had secured the concession for commercial area management.

AOT, which runs the Suvarnabhumi Airport, had nullified its deals with King Power on advice from the Council of State, arguing that King Power had violated the Public-Private Joint Venture Act.

Resource : Suvarnabhmi Airport Thailand

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