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CP to Build Private Jet Terminal in Phuket

By on Jul 23, 2015 in Hotel-Tourism, Property News
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Phuket airport will get its first dedicated private jet terminal to be built by Charoen Pokphand Group’s subsidiary Siam Land Flying Co. (Airports of Thailand Plc photo)

Charoen Pokphand (CP) Group’s plan to consolidate its aviation-related business is becoming a reality.

Subsidiary Siam Land Flying Co (SLF) has won approval from Airports of Thailand Plc (AoT) to build and run a private jet terminal and provide support services to general aviation operators at Phuket airport.

When completed, the new facility will be the second of its kind in Thailand after the one at Bangkok’s Don Mueang airport run by Mjets Ltd.

In return for the right, AoT has accepted SLF’s offer to invest in building the facility and then transferring ownership to the state-controlled airport operator before being allowed to operate the facility over a 30-year period.

In addition to the “build-transfer-operate” scheme, SLF must also provide a profit-sharing deal based on gross revenue at a progressive rate payable on a monthly basis, senior AoT executives told the Bangkok Post

SLF has already obtained a seven-rai plot adjacent to Phuket airport for the development of the terminal and fixed-base operator (FBO) facilities. FBO refers to the rights granted by an airport authority to an entity to provide aeronautical services such as fuelling, hangaring, tie-down and parking, aircraft rental, aircraft maintenance and other services for corporate and private aircraft.

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Source: Bangkok Post – 23 July 2015

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