Monday, October 14, 2019

King Power in line to manage duty free, commercial areas at leading provincial international airpor

Jun 10. 2019
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By The Nation

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King Power Duty Free has won the bidding to manage the duty free and commercial areas at three provincial international airports – Chiang Mai, Had Yai and Phuket – Airports of Thailand senior .executive vice president Wichai Bunyu said at a press conference on Monday



He said King Power offered a higher return to AOT than the other two bidders: a joint venture between Bangkok Airways and Lotte Duty Free, and a joint venture of the Royal Orchid Hotel (Thailand) group.

“The winner offers more revenue to the AOT than the other competitors, and also a return higher than the AOT’s earlier estimate,” he said.

He added that the AOT bid committee would propose King Power as the bid winner for the company’s revenue review committee’s consideration on Wednesday.

If approved, that panel will submit the proposal to AOT’s board for final approval on June 19.

As to the final scores, King Power was awarded 96 out of 100 by the bid committee, followed by the Royal Orchid Hotel (Thailand) joint-venture group with 86, and the Bangkok Airways JV group with 84, Wichai said.

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