Considering and Evaluating Airport Privatization (2012) / Chapter Skim
Currently Skimming:
Pages 10-17
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 10... ...
10 2.1 Privatization Continuum and Generic Models The term "airport privatization" is often understood to mean the transfer of an entire airport to private operation and/or ownership, but privatization does not have to be an all-or-nothing approach. Private sector involvement at airports can take many forms.
|
From page 11... ...
11 buildings) , or rental car companies (consolidated rental car facilities)
|
From page 12... ...
12 governments. Airlines and aircraft companies participated in the early development of airports (such as Pan American Field in Miami; United Airport, now Bob Hope Airport, in Burbank; and Grand Central Airport in Glendale)
|
From page 13... ...
13 Virtually all commercial service airports in the United States are publicly owned and/or operated either by a state, county, city, single-purpose airport authority, or multi-purpose authority with various forms of private sector participation in their operation and investment. By contrast, international airports tend to have far more private ownership, investment, and operation.
|
From page 14... ...
14 2.5.1 U.S. Airport Financial Structure Unlike international airports that often turn to privatization for capital funding, the "three pillars" of airport capital funding in the United States are unique and make full privatization less necessary and desirable: 1.
|
From page 15... ...
15 U.S. airports that do not have airline use and lease agreements must set rates that comply with federal laws and regulations.
|
From page 16... ...
16 • Other regulatory factors outlined in more detail in Chapter 6 • The influence of airlines, particularly those that carry the majority of an airport's traffic, as a result of provisions in use and lease agreements providing a significant role in major capital decisions A combination of access to AIP grants, PFCs, and taxexempt debt make partial privatization strategies more attractive to U.S. airport owners.
|
From page 17... ...
17 Figure 2.5. Passenger shares at U.S.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.