29-Sep-2010 11:40 AM

Airports of Thailand to focus on real-estate development at five airports

Airports of Thailand (AoT) plans to generate income from five smaller airports by focusing on real-estate development (The Nation, 29-Sep-2010). Space in the airports will also be developed to accommodate more tenants and provide more convenience for passengers. The international airports include Chiang Rai, Chiang Mai, Hat Yai, Phuket and Don Mueang. AoT's senior executive vice president Nitinai Sirismatthakarn plans to engage an appraisal company to assess AoT's property at each airport. The results will allow AoT to raise its rental rates.