IATA and Deloitte have published guidance materials for governments considering public-private partnerships (PPP) and other forms of privatization programs for airport infrastructure.
Airport Ownership and Regulation builds on industry best practice and the results of research into the effectiveness of different ownership and operating models from the perspective of a range of stakeholders.
“Airports provide critical infrastructure,” said Alexandre de Juniac, IATA’s Director General and CEO. “It is important that governments considering privatization or PPP take a long-term view and focus on solutions that will maximize the economic and social benefits of connectivity.
It is important that governments considering privatization or PPP take a long-term view and focus on solutions that will maximize the economic and social benefits of connectivity
“The aim of Airport Ownership and Regulation is to help governments make better-informed decisions using best-practices gleaned from decades of experience with the good, the bad, and the ugly of airport privatizations.”
The global growth of airports is increasingly putting facilities under pressure, increasing the need for governments to explore alternative financing solutions and enhance management efficiency. The current pipeline of airport privatization being considered globally makes the guidance booklet timely.
“Whatever ownership or operating model is applied, governments, investors and aviation stakeholders need to put the end-consumer central to the selection of the optimal solution,” said Dorian Reece, Global Airport Lead at Deloitte.
Airport Ownership and Regulation is freely downloadable from the IATA website here.