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Airport Privatization - Aspects, Issues & Challenges (Paperback)
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Airport Privatization - Aspects, Issues & Challenges (Paperback)
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Almost all commercial service airports in the United States are
owned by local and state governments, or by public entities such as
airport authorities or multipurpose port authorities. In 1996,
Congress established the Airport Privatization Pilot Program (APPP)
to explore the prospect of privatising publicly owned airports and
using private capital to improve and develop them. In addition to
reducing demand for government funds, privatisation has been
promoted as a way to make airports more efficient and financially
viable. Privatisation refers to the shifting of governmental
functions, responsibilities, and sometimes ownership, in whole or
in part, to the private sector. With respect to airports,
"privatisation" can take many forms up to and including the
transfer of an entire airport to private operation and/or
ownership. This book examines the issues and options for Congress
with airport privatisation. It describes the experience with the
APPP; examines the challenges airport owners and investors face to
full airport privatisation; describes the potential effects of
airport privatisation; and, discusses reasons why airport
privatisation is more prevalent outside of the U.S. and stakeholder
views on the APPP.
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