King Power awarded Don Mueang airport duty-free concession

King Power awarded Don Mueang airport duty-free concession

The board of Airports of Thailand Plc has awarded a 10.5-year duty-free concession at Don Mueang airport to King Power Duty Free Co, which offered a yearly 1.5-billion-baht minimum return, AoT president Nitinai Sirismatthakarn announced on Tuesday.

King Power Duty Free was the sole bidder for the contract.

It offered the 1.5-billion-baht minimum guarantee (value-added tax excluded) for the first year, which exceeded AoT's expected return in the last year of the concession, he said.

The concession would run from Oct 1, 2022 to March 31, 2033. AoT would sign the contract with King Power Duty Free Co next month, Mr Nitinai said.

King Power already has the sole duty-free concession at Thailand's other major airports.

Do you like the content of this article?

Lebanon, Israel announce talks on disputed borders

BEIRUT - Lebanon and Israel said Thursday they will hold US-brokered negotiations on their disputed land and maritime borders, the first talks in decades between two countries technically still at war.

1 Oct 2020

Justice sought

A Chiang Mai MP candidate disqualified by the Election Commission for election fraud says he will ask it to give him his MP status and pay him 70 million baht in damages after a court ruled him not guilty.

1 Oct 2020

New team

Sompong Amornvivat is re-elected as Pheu Thai party leader as the largest party gets new executive board consisting of many people allegedly close to the Shinawatra family.

1 Oct 2020