By Clifford Winston, Gines de Rus
Aviation functionality is a vital cog in sleek globalized economies, which call for flexibility, mobility, potency, and dependability. Airport delays have long gone from being a nuisance to being a salient public obstacle, drawing the ire of even the White condominium. during this very important ebook, foreign transportation specialists evaluate and distinction how diversified international locations have controlled their airports and air site visitors regulate platforms and the way good they're assembly the wishes in their humans. The book's cross-national procedure encompasses numerous diverse institutional preparations, making it a well timed and necessary learn in comparative political financial system. one of the nations studied, the U.S. is usually visible as a bastion of loose markets, on the vanguard of airline deregulation, yet its airports and air site visitors keep watch over process are publicly owned and operated. a similar is correct in continental Europe, for the main half. against this, Australia, New Zealand, the uk, and Canada are experimenting with privatization, whereas even mainland China is permitting the personal area to take part in airport possession. Which tools paintings top, and below what situations? This publication presents the answers.
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Additional info for Aviation Infrastructure Performance: A Study in Comparative Political Economy
Model of complete privatization, private operators hold minority shares of airports in Frankfurt, Hamburg, Rome, Copenhagen, and Zurich. Most recently, a 33 percent share of Aéroports de Paris was sold to private operators. BAA acquired a 75 percent share of Budapest airport in December 2005. 11 Governments have had several motives for privatization, including a desire to stimulate more efficient performance from their airports. Airports that remain publicly owned are often corporatized, meaning that they are expected to behave more like private corporations.
House of Representatives, October 30, 2003 (GAO-04-227T). S. General Accounting Office, renamed the Government Accountability Office in 2004). 1998a. Airport Financing: Funding Sources for Airport Development. GAO/ RCED-98-71 (March). ———. 1998b. Air Traffic Control: Status of FAA’s Modernization Program. (December). ———. 1999a. Air Traffic Control: FAA’s Modernization Investment Management Approach Could Be Strengthened (April). ———. 1999b. Air Traffic Control: Observations on FAA’s Air Traffic Control Modernization Program (March).
The shift to privatization actually limits the government’s ability to raise more revenue from its airports, since it involves giving up control over their pricing. Governments often increase rates and charges just before privatizing their airports, leading many to associate privatization with higher prices. Airport privatization gained momentum in the 1990s with the first wave of privatization, which continued into 2001. As illustrated in table 3-3, the majority of cases have minority privatizations.
Aviation Infrastructure Performance: A Study in Comparative Political Economy by Clifford Winston, Gines de Rus