Airport Privatisation in Australia: A Tale of Three Cities

Chris Aulich

Applied Finance and Accounting, 2015, vol. 1, issue 1, 1-11

Abstract: This article addresses the performance of three Australian airports since they were privatised by divestment. They represent cases of divestment in a monopoly environment, with ownership arrangements for each airport varying markedly. The performances of the divested airports are considered using both financial and non-financial data. There are significant implications for future divestment policies, including the value of divestment as a policy response of governments in less competitive environments, the use of particular infrastructure investment models, and the nature of the linkage between ownership structure and financial performance.

Keywords: privatisation; divestment; airport performance; public ownership (search for similar items in EconPapers)
Date: 2015
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