Suvarnabhumi King Power Duty Free
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.
Restrictions will be enforced on liquids, aerosols and gels in hand-carried luggage on all commercial flights
Thursday, April 19th, 2007Thailand will start enforcing new restrictions on liquids, aerosols and gels in hand-carried luggage on all commercial flights departing from airports nationwide in the next few weeks.
Thailand is the latest Asian country to begin applying the security measures suggested by the International Civil Aviation Organisation (ICAO) following the discovery of a terrorist plot in Britain last year.
King Power denies its contracts abused law
Saturday, March 24th, 2007
King Power International Group denies its contracts to operate duty-free shops and commercial areas at Suvarnabhumi airport bypassed a law designed to specifically govern public-private joint investments. The firm would pursue justice from the government for cancelling its contracts, said deputy chairman Chulchit Bunyaketu. However, it had no plans to file for emergency protection from the Administrative Court.
Vichai Raksriaksorn, King Power chief executive officer, said he will explain to the media tomorrow how the contracts were awarded to the company.
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