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Airport privatization, limited interest despite FAA's pilot program : report to congressional addressees.

Author: United States. Government Accountability Office,
Publisher: [Washington, D.C.] : United States Government Accountability Office, 2014.
Edition/Format:   eBook : Document : National government publication : English
Summary:
"Nearly all the 3,330 airports in the national airport system in the United States are publicly-owned and operated. However, some argue that the private sector could better fund and operate airports than public owners. GAO reported in 1996 that many barriers to full privatization existed in the United States. In 1996, Congress created the APPP which reduced some of the barriers to privatization. However, over the  Read more...
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Genre/Form: Online resources
Electronic books
Rules
Electronic government information
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: United States. Government Accountability Office,
OCLC Number: 906700936
Notes: "November 2014."
"GAO-15-42."
Description: 1 online resource (59 pages) : color illustrations, color maps

Abstract:

"Nearly all the 3,330 airports in the national airport system in the United States are publicly-owned and operated. However, some argue that the private sector could better fund and operate airports than public owners. GAO reported in 1996 that many barriers to full privatization existed in the United States. In 1996, Congress created the APPP which reduced some of the barriers to privatization. However, over the program's 18 years only two airports have privatized and one of them has reverted to public control. To better understand airport privatization, GAO was asked and mandated to review several aspects of privatization. Specifically, this report describes (1) the experience with the APPP; (2) challenges airport owners and investors face to full airport privatization; (3) the potential effects of airport privatization; and, (4) reasons why airport privatization is more prevalent outside of the U.S. and stakeholder views on the APPP. GAO reviewed airport application and docket information and interviewed applicants. GAO also interviewed 42 airport stakeholders including airports, airlines, airport consultants, labor groups, and private airport operators and financiers to gain their views on airport privatization in the U.S. and other countries. This non-generalizable group was mainly selected from our review of APPP docket documents and our prior work on airports. DOT reviewed a draft of this report and provided technical comments which were incorporated as appropriate."--Highlights.

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