Airport Privatization: Limited Interest Despite FAAäó»s Pilot Program

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By Gerald L. Dillingham (au)
Year: 2014
Pages: 59
Binding Paperback
ISBN 978-1-4578-6569-5

Product Code: 1457865696

Description

Nearly all the 3,330 airports in the national airport system in the U.S. are publicly-owned and operated. However, some argue that the private sector could better fund and operate airports than public owners. GAO reported in 1996 that many barriers to full privatization existed in the U.S. In 1996, Congress created the Airport Privatization Pilot Program (APPP) which reduced some of the barriers to privatization. However, over the programäó»s 18 years only two airports have privatized and one of them has reverted to public control. This report describes (1) the experience with the APPP; (2) challenges airport owners and investors face to full airport privatization; (3) the potential effects of airport privatization; and (4) reasons why airport privatization is more prevalent outside of the U.S., and stakeholder views on the APPP. Tables and figures. This is a print on demand report.

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