Suvarnabhumi Airport Duty Free
King Power given 30 day deadline to remove parts of duty free outlets at Suvarnabhumi Airport
Saturday, May 5th, 2007Airports of Thailand (AOT) has given King Power International Group 30 days to remove parts of its duty free outlets at Suvarnabhumi airport which pose a safety hazard.
Airports of Thailand board member Chirmsak Pinthong said management would inform its two subsidiaries King Power Duty Free and King Power Suvarnabhumi of the deadline.
Mr Chirmsak said the deadline was based on the board’s March 22, 2007 resolution nullifying the contracts of both firms for evading the Public-Private Joint Venture Act in vying for commercial space development in the passenger terminal.
Airports of Thailand terminated King Power Duty Free’s contracts
Friday, April 20th, 2007Airports 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.
Airports of Thailand may run own commercial area after terminating King Power contracts
Tuesday, April 10th, 2007Airports of Thailand is likely to run the commercial area at Suvarnabhumi airport itself after terminating its contracts with King Power International Group.
Many members of the military-installed new AOT board are in favour of this option. The final decision will be made today (April 10, 2007).
The AOT late last month took no other action after nullifying its contracts with King Power, which was given the right to run duty-free shops and other commercial space at the new Bangkok airport.
The AOT is now being accused of receiving kickbacks in return for dragging its feet in the case, said the source.
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