Airport privatisation

Anne Graham

A chapter in Elgar Encyclopedia of Transport and Society, 2025, pp 48-49 from Edward Elgar Publishing

Abstract: Privatisation has been an important trend within the airport industry, being most popular in Europe and Latin America and the Caribbean. It is commonly defined as the transfer of economic activity from the public to the private sector. There are five privatisation models: share flotation; trade sale; concession; build, operate, transfer (BOT); and management contract. This privatisation has been driven by many factors, including possible efficiency gains, but actual evidence of this is inconclusive. Abuse of market power and economic regulation are often considered when airport privatisation occurs. A global airport industry has emerged with both well-established airport groups and new operators.

Keywords: Airport; Privatisation; Private-public partnerships; Ownership; Efficiency; Regulation (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035330515
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