Bualuang: AOTGA Unlocks Suvarnabhumi, Project Value 67.3 Billion Baht

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Bualuang Securities stated that the Cabinet approved AOT to sign a PPP contract with AOTGA to become the third service provider at Suvarnabhumi Airport, covering Cargo Service with a project value of about 38 billion baht and Ground/Passenger Handling of about 29 billion baht, totaling approximately 67.3 billion baht, with a 25-year concession. If AOTGA generates a profit of about 800 million baht at full ramp-up and AOT recognizes a share of about 400 million baht, this would represent approximately 5% earnings upside. Meanwhile, SKY expects profit sharing from AOTGA of about 200 million baht per year, or roughly 20–25% of its current profit base. The Ground OCC platform developed by SKY itself will be an upside in the next phase if AOTGA can use it as a reference case to expand abroad.

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AOT Ground Aviation Services Company Limited (AOTGA)Private▲ Positive
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AOTGA becomes third service provider at Suvarnabhumi with 67.3 billion baht project value.

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