In enacting the Airline Deregulation Act of 1978, Congress freed up the airlines to compete and grow, but left the essential infrastructure--the airports and air traffic control (ATC) system--in their static, bureaucratic pre-deregulation condition. The result is a growing set of problems, most notably delays, congestion, and questions about safety levels. This paper discusses the following: (I) the need for more capacity at U.S. airports, fostering competition at hubs, and freeing up cities' capital; (II) Types of airport privatization, including (1) contracting out of service delivery to a private firm, (2) long-term franchising of a firm or consortium to finance, build, and operate a new facility (with ownership eventually reverting to government), and (3) sale of government enterprise to private owners, to be operated henceforth as a private business; (III) Turning airports into businesses; (IV) Privatization of major hubs; and (V) Recommendations for a national policy. 23 p.
Congressional testimony by Gerald L. Dillingham, Associate Director,Transportation and Telecommunications Issues, Resources, Community, andEconomic De...
Examines the current extent of private sector participation at commericalairports in the United States and foreign countries, the current incentives a...
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