Tocumen Could Bring Forward Duty Free Tender

The contest which could be held in August or September will be seeking only two operators, and will exclude certain brands and products which will be awarded separately.

Friday, June 17, 2016

The tender is for the duty free spaces in Terminal 1, which since 2007 had been operated by Waked International S.A., whose concession expires in December 2017. As explained by the authorities of Tocumen SA, the inclusion of Waked companies in the Clinton List forced them to make changes to airport plans. explains that   "...Fidanque III said the board of the airport does not have elements to remove the concession from Wisa after it was included on the Clinton List but warns that if the company violates its contract by not paying royalties to Tocumen, then a decision would have to be made."

"... Fidanque III explained that the new tender will seek to two operators, but they will exclude some brands and products in order to award them separately. Unlike the 2007 tender, Tocumen will increase the percentage of monthly royalties to be paid by new operators, and decrease payment for keyholder rights.  'We do not want to raise a lot of capital as we want to avoid a repeat of what happened 9 years ago when the funds obtained from the tender of duty free spaces were used in projects outside of the airport'. "

The tender for the commercial space in Terminal 2 is scheduled for early 2017. 

More on this topic

Tocumen Duty Free Tender in January 2017

November 2016

The administrators of the international airport in Panama City announced that they will launch a tender in January for the business premises in Terminal 1.

Although the administration of Tocumen International Airport said on several occasions that they estimated holding the tender before the end of the year, especially after the problem which occurred with stores belonging to Wisa Group, they have now announced that it will be in January 2017 when the announcement is finally made.

Huge Interest in Tocumen Duty Free Spaces

September 2016

Now there are ten major international companies interested in taking part in the tender for 1500 square meters of commercial space in Terminal 1 of Tocumen Airport.

Among the companies that expressed their interest to the administrators of Panama City airport are DFS, Duffry, Duty Free America, Heineman, DFAASS, Legarde, Penna and Flamingo. 

Who Wants to Sell Duty Free Goods At Tocumen?

July 2016

The US company Duty Free America, Motta International, the swiss Dufry Group and the german Heinemann Duty Free plan to participate n the tender being prepared by Tocumen for August this year.

Due to the inclusion on the Clinton List of Waked International, the current concessionaire of the duty free shop in Tocumen, the airport administration was forced to speed up the process to tender commercial spaces, even though the concession only expires in December 2017. Motta Internacional is the other current concessionaire of commercial shops in the terminal.

Tender of Duty Free Premises in Tocumen

April 2016

The airport administration is working on details of a tender to be launched in September 2016 for commercial spaces in Terminal 1 and 2, which is still under construction.

Two of the current concessionaires of commercial spaces in Terminal 1, Waked International, SA (WISA) and Motta Internacional have already expressed interest in participating, while for the new terminal, the manager of Tocumen SA, Joseph Fidanque III stated that there are a lot of companies that are interested in the upcoming tender process.

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