Airport privatization : aspects, issues, and challenges / Melissa M. Pratt, editor.

Format:

Book

Contributor:

Pratt, Melissa M., editor.

Series:

Transportation issues, policies and R&D series.

Transportation Issues, Policies and R&D

Language:

English

Subjects (All):

Airports--Economic aspects--United States.

Airports.

Privatization--United States.

Privatization.

United States.

Physical Description:

1 online resource (90 p.)

Place of Publication:

New York : Novinka, 2015.

Language Note:

English

Summary:

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.

Contents:

""AIRPORT PRIVATIZATION: ASPECTS, ISSUES, AND CHALLENGES""; ""AIRPORT PRIVATIZATION: ASPECTS, ISSUES, AND CHALLENGES""; ""Library of Congress Cataloging-in-Publication Data""; ""CONTENTS""; ""PREFACE""; ""Chapter 1: AIRPORT PRIVATIZATION: ISSUES AND OPTIONS FOR CONGRESS""; ""SUMMARY""; ""INTRODUCTION""; ""OVERVIEW OF AIRPORT PRIVATIZATION""; ""THE AIRPORT PRIVATIZATION PILOT PROGRAM""; ""WHY HAS THE APPP NOT STIMULATED PRIVATIZATION?""; ""AIRPORT PRIVATIZATION IN EUROPE AND CANADA""; ""ISSUES AND OPTIONS""; ""APPENDIX. AIRPORT DEFINITIONS""

""Chapter 2: AIRPORT PRIVATIZATION: LIMITED INTEREST DESPITE FAA'S PILOT PROGRAM""""WHY GAO DID THIS STUDY""; ""WHAT GAO FOUND""; ""ABBREVIATIONS LIST""; ""BACKGROUND""; ""THE AIRPORT PRIVATIZATION PILOT PROGRAM HAS RESULTED IN FEW PRIVATIZATIONS""; ""SEVERAL FACTORS LIMIT DEMAND FOR PRIVATIZATION, YET THE POTENTIAL BENEFITS OF PRIVATE INVESTMENT AND EXPERTISE CAN BE ACHIEVED WITHOUT RELINQUISHING AIRPORT CONTROL""; ""POTENTIAL EFFECTS OF AIRPORT PRIVATIZATION ARE DIFFICULT TO DETERMINE""

""AIRPORT PRIVATIZATION IS MORE PREVALENT IN OTHER COUNTRIES AND STAKEHOLDERS' VIEWS ON PRIVATIZATION VARY WIDELY""""CONCLUSION""; ""AGENCY COMMENTS""; ""APPENDIX I: OBJECTIVES, SCOPE, AND METHODOLOGY""; ""APPENDIX II: AIRPORT PRIVATIZATION LESSONS LEARNED OFFERED BY STAKEHOLDERS INTERVIEWED""; ""APPENDIX III: APPP IMPROVEMENTS MENTIONEDBY STAKEHOLDERS INTERVIEWED""; ""INDEX""

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed May 29, 2015).

ISBN:

1-63482-556-X