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Aviation Fuel Services in Thailand Willing to Bow Out of Contest for Contract.
Byline: Charoen Kittikanya
Dec. 1--Bangkok Aviation Fuel Services (Bafs) is poised to back down from a contest for a contract to construct aviation fuel storage facilities worth 2.1 billion baht at Suvarnabhumi international airport.
The possible retreat would pave the way for PTT Plc, the partially privatised national energy firm, to take over the project.
But PTT and the major shareholder in Bafs, Thai Airways International Plc, must first supply valid reasons why Bafs should bow out, said M.R. Supadis Diskul, managing director of Bafs.
"We're ready to accept the decision of Thai Airways, our major shareholder, if the national flag carrier really wants Bafs to leave the competition," he said.
"But both Thai Airways and PTT will be required to give proper reasons to the company, the media, and the public."
M.R. Supadis was surprised by reports that Industry Minister Suriya Juengrungruangkij had telephoned Virabongsa Ramangkura, chairman of Thai Airways, to brief him on PTT's proposal as part of a campaign to help PTT win the contract.
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