Baiyun Airport subsidiary wins 73m yuan arbitration award

Guangzhou Baiyun International Airport's wholly-owned advertising subsidiary won an arbitration award against Dipwin Group, which must pay 47.8 million yuan in advertising fees and 25.2 million yuan in damages.

The dispute arose after Dipwin unilaterally sought to terminate their 2023 advertising operation contract for the airport's T1 terminal, claiming significant objective changes. The ruling is final and legally effective immediately.