Airport management in a changing economic climate

Abstract

The paper deals with the rapidly changing climate of aviation in a climate of movement toward liberalization, deregulation and privatization. After discussing the principal motives for deregulation and privatization, the author deals with the various methods currently used for effecting privatization of airports. A categorization of airports is produced depending on airport function, scale and political jurisdiction to identify how the volatility of air transport demand can seriously affect the viability and profitability of long term investment plans of individual airports.