The challenges of Airport privatization - UK Essays.
Essay Preview Airports are key enhancers of commerce and trade; they generate massive transportation and key economic benefits (Vasigh, 2007). Privatization of airports relates to transfer of ownership of airport from public ownership sector to private ownership (Jobs Consultancy, 2007).Privatization of airports was considered as a means of injecting additional finance into the airport systems to pay for the future investments.Essay on the Meaning of Privatisation: Privatisation has become an integral part of pro-competition programme and has now become a familiar feature of new consensus economic policy. It is defined as the transfer of state owned resources to private control. This can be achieved through direct sale of the assets to the private sector.
Airport Privatization 2 Essay Airport Privatization: Introduction: Airport plays a key role of air transport; it has a big impact on development of economics in a country. Freight passengers and cargo to any part of the world and it allows aircraft to land and take off.According to Airport Corporate Research Program’s Privatization Guidebook, Privatization refers to the shifting of governmental functions, responsibilities, control, and in some cases ownership, in whole or in part, to the private sponsors (ACRP, 2012, p.1).
Privatization of airports is not a new idea. Many politicians have implemented it as an important economic policy. Margaret Thatcher was one of the first politicians to use privatization as an important policy measure. Her government privatized essential entities like the British Airways as well as the Heathrow airport in the 1970’s.
