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TRIS Online Accession Number:00618746
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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.
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