SINGAPORE. The Civil Aviation Authority of Singapore (CAAS) has re-issued two previously awarded tenders for cigars and wine at Singapore Changi Airport’s new Terminal 3 which opens in January 2008.
Both concessions were previously awarded to Phoenicia Trading (Afro-Asia), best known for its award-winning cigars outlet at Beirut Airport in Lebanon.
Phoenicia’s original winning minimum monthly guarantee offer for the Changi wine concession was over S$100,000 more than the only other bidder, DFS Venture Singapore. Phoenicia offered either 22% of the total monthly gross sales or a minimum monthly guarantee of S$118,465, whichever is higher. DFS offered 12% of the total monthly gross sales or a minimum monthly guarantee of S$18,000, whichever is higher.
For the cigar business Phoenicia offered rental of 25% of the total monthly gross sales or a minimum monthly guarantee of S$160,000, whichever is higher. It headed a rival offer from Pacific Lifestyle Concepts.
However the company withdrew from the awards after realising that both contracts were non-exclusive – in each case the main liquor & tobacco concessionaire at T3 (DFS Group) will also be able to sell cigars and wine.
Walid Saleh, Managing Director of Phoenicia Trading (Afro-Asia), told The Moodie Report this morning that his company was evaluating both new tenders and was eligible to re-bid.
Bids are due in on both contracts by 28 September. Each runs from 9 January 2008 to 8 January 2011 with an option to renew for a period of two years at the end of the original term.
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