Airport planning in free market regimes

Mick Werson and Guillaume Burghouwt

Journal of Airport Management, 2007, vol. 2, issue 1, 38-55

Abstract: The ongoing liberalisation of air transport and increasing commercialisation of the airport industry results in a more competitive environment and growing uncertainty with regard to what kind and size of airport facilities are required and when. This means an increased risk of capacity mismatches and destruction of economic value. At the same time, the changing airport ownership models require maximal value creation while airlines expect airport efficiency. Due to changing air transport and airport market regimes, physical planning of airports must be (more) adaptive. In unpredictable commercial markets, company plans must also be proactive and aimed at value creation. The authors conclude that an integrated approach between physical planning and strategic and business planning is practically non-existent. They illustrate strong interdependencies between separate planning disciplines and propose a more integrated, value-based planning approach, which addresses economic choices embedded in master planning.

Keywords: airport (master) planning; flexible strategic planning; airport economics; air transport commercialisation (search for similar items in EconPapers)
JEL-codes: M1 M10 R4 R40 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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