CZECH REPUBLIC. Prague Airport is preparing to release tenders for its duty free and foreign exchange contracts this year. The moves come as the airport plots its long-term future, with an extension to Terminal 2 among the big developments in the years ahead under a €1 billion modernisation plan.
The tender for the duty free contract, currently managed by Lagardère Travel Retail, is expected to be released in November, Prague Airport Executive Director Non-Aviation Business Jiri Petrzilka confirmed to The Moodie Davitt Report. The incumbent’s contract ends in December 2019.
The airport company is likely to offer a six-year contract with an extension option, the length of which is to be determined. The airport is currently in the process of hiring a commercial consultant to examine space to be made available under the contract.
Separately, Prague Airport is to release a tender for its foreign exchange contract in coming weeks. At stake will be an exclusive five-year contract for a single partner – currently two companies manage the business, one in each of the airport’s two terminals.
The airport is planning a major capacity expansion in the years ahead, with the T2 extension a key element. Other investments will include major landside renovations, a new runway and a train from the city to the airport.
We’ll bring you more details on Prague Airport’s development soon.
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