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Jun 10. 2019
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By The Nation

KING POWER PICKED FOR THREE MORE AIRPORT DUTY-FREE CONCESSIONS

King Power Duty Free Co Ltd has successfully bid to manage duty-free and commercial areas at three provincial international airports in Chiang Mai, Hat Yai and Phuket, AOT Plc’s senior executive vice president, Wichai Bunyu, said at press conference yesterday.

He said King Power is offering higher returns to the AOT compared to the other two bidders – a joint venture between Bangkok Airways Plc and Lotte Duty Free, and a joint venture that includes Royal Orchid Hotel (Thailand) group.

“The winner has offered revenue to the AOT that exceeds what was offered by the competitors, and the amount is even higher than the AOT’s earlier estimation,” he said.

Wichai added that the committee would propose the final choice to the company’s revenue review committee to consider tomorrow, with the revenue review committee then making a final proposal to the company’s board of directors for approval on June 19.

King Power Duty Free was given 96 marks out of 100, ahead of Royal Orchid Hotel (Thailand) joint venture group at 86 and the Bangkok Airways JV group at 84, Wichai said. 

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