Airports of Thailand Public Company Limited (OTCMKTS:AIPUY) is a state enterprise under the Thai Ministry of Transport, established in December 2002 when the country’s airport operations were corporatized from the former Department of Airports. Headquartered in Bangkok, the company is charged with the development, management and operation of major international airports in Thailand, combining infrastructure investment with commercial and service activities to support both domestic and international air travel.
The company’s core business revolves around airport operations at seven facilities, including Suvarnabhumi and Don Mueang in Bangkok, Chiang Mai, Phuket, Hat Yai, Mae Fah Luang–Chiang Rai and U-Tapao Rayong–Pattaya. Services encompass passenger terminal management, air cargo handling, ground support, aircraft fueling and in-terminal retail concessions such as duty-free shopping, food and beverage outlets, and other passenger services. AOT is also involved in property development around its airport sites, leveraging non-aeronautical revenues to diversify its income base.
Historically, Airports of Thailand was listed on the Stock Exchange of Thailand in November 2004, with the Thai government retaining a controlling interest through the Ministry of Finance. Over the years, AOT has overseen significant expansion projects, including capacity enhancements at Suvarnabhumi Airport and the phased development of U-Tapao to serve the Eastern Economic Corridor. These initiatives aim to accommodate rising passenger volumes and support Thailand’s broader tourism and trade objectives.
The company is governed by a board appointed by the Ministry of Transport and led by a president who also serves as chief executive. This leadership structure aligns with its status as a government enterprise, balancing public-sector oversight with commercial operational standards. Airports of Thailand continues to pursue infrastructure modernization, digital service upgrades and sustainability measures to strengthen its position as a gateway to Southeast Asia.
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