Guam – A Special Board meeting has been called for the Guam International Airport Authority for this coming Friday April 12 [see notice below].
At the meeting, a decision on which company will be awarded the highly contested duty fee concession at the airport is finally expected to occur.
The vote on a new contract was supposed to have happened last December, ahead of the January expiration of the previous contract. But the evaluation of the competition bidders was not completed until March.
However, when the results of the evaluation were presented to the GIAA Board on March 28, 3 of the 6 Board members asked to recuse themselves. The vote was called off until legal counsel could evaluate whether a vote by only half the sitting Board members would be valid.
The duty free concession is worth millions to the winner, and to the airport. The contract that expired in January has been continued on a month to month basis with the current duty free provider, DFS. DFS of course is seeking to renew its current contract and there has been fierce competition from JR Duty Free of Australia and Shilla Duty Free of South Korea and the main rival to DFS, Lotte Duty Free, also of South Korea.