Privatizing Airports

Details

• Creators:
  Poole, Robert W.
• Subject/TRT Terms:
  Airport Capacity Airport Ownership Airport Privatization Airports Air Transportation Policy Financing Ownership, Leasing And Rental Privatization Regulatory Constraints
• Resource Type:
  Journal Article
• Geographical Coverage:
  United States
• TRIS Online Accession Number:
  00618746
• Corporate Publisher:
  Reason Foundation
• Abstract:
  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.
• Format:
  PDF
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:22dc9cad8fdc350d13c753ad0b9d7fad2cb94ae4ebf2832986b9dba59510bad8
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/38575/dot_38575_DS1.pdf
• File Type:
  [PDF - 479.35 KB ]