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| Author: | Hooper, P. |
| Title: | Privatization of airports in Asia |
| Journal: | Journal of Air Transport Management
2002 : SEP, VOL. 8:5, p. 289-300 |
| Index terms: | Air transport Airports Financial risk Privatization Asia |
| Language: | eng |
| Abstract: | It has been claimed that Asia lags behind the rest of the world in the privatization of airports. At the same time, the air transport sector has been growing quickly and this has placed enormous pressure on airport ainfrastructuree.The author reviews the situation and finds that the private sector is involved extensively with new airtports and the uppgrading of existing airports in Asia. Despite the fact that some governments say that efficiency is important to them, the most common motive in "privatization" in Asia is to mobilize a new source of finance. Airports remain high on the agenda of public policy. Governments are concerned about abuse of monopoly powers and they want to cross-subsidize regional airports, but they lack the institutional strengths to regulate effectively. |
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