Guam airport asks court stay order voiding Lotte deal

The Guam International Airport Authority has asked the Superior Court to stay its February order that voided the airport’s concession agreement with Lotte Duty Free Guam, pending final resolution of the long disputed contract award.

GIAA has appealed the Superior Court’s earlier order granting summary judgement in favor of the DFS, which lost the bid to Lotte.

GIAA attorneys said a stay of the contract cancellation pending appeal would “avoid substantial harm to GIAA, its bondholders, signatory airlines, the traveling public and visitor industry.”

GIAA’s motion to stay has been pending for almost three months. Unable to obtain an immediate stay of the court’s judgment on April 26, 2018, the GIAA Board of Directors approved a mediation term sheet with Lotte that resolves outstanding issues between the two parties relating to the specialty retail concession that has been operated by Lotte since July 2013 and the on-going $110 million Terminal Building Structural Upgrade and Concourse Isolation Project.