King Power's Don Mueang bid astonishes
ANALYSIS: Enormous offer to AOT crushes the competition, likely tightening the duty-free operator's stranglehold
- Published: 30 Aug 2012 at 00.00
- Newspaper section: News
King Power Duty Free Co has proposed a surprisingly high return to Airports of Thailand Plc (AOT) in its bid for the contract to run the duty-free and commercial areas at Don Mueang airport.
The AOT board is expected to select the company to run the duty-free shops at the old airport today.
According to a source at AOT, King Power Duty Free is offering a minimum return of 63 million baht a month, or 756 million baht a year, to AOT. In comparison, Central Retail Corporation has offered a minimum return of 40.6 million baht a month, Shilla Mall consortium proposed at least 35.2 million baht a month and Siam Future Development Co presented an offer of at least 24.2 million baht every month.
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