Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/132383
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dc.titlePrivatization of airports in Asia
dc.contributor.authorHooper, P.
dc.date.accessioned2016-12-13T05:31:51Z
dc.date.available2016-12-13T05:31:51Z
dc.date.issued2002
dc.identifier.citationHooper, P. (2002). Privatization of airports in Asia. Journal of Air Transport Management 8 (5) : 289-300. ScholarBank@NUS Repository.
dc.identifier.issn09696997
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/132383
dc.description.abstractIt 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 infrastructure. This paper reviews the situation and finds that the private sector is involved extensively with new airports and the upgrading of existing airports in Asia. Although the models used to accommodate the private sector appear similar to those used elsewhere, governments in Asia have retained majority control in every case. Despite the fact that some governments say that efficiency is important to them, the most common and important 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. By retaining majority control, however, governments risk losing the efficiency benefits of privatization. The paper explores the reasons why airports are such difficult cases to deal with and concludes that there is a greater need than ever to be able to compare the performances of airports. © 2002 Elsevier Science Ltd. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/S0969-6997(02)00009-1
dc.sourceScopus
dc.subjectAirports
dc.subjectAsia
dc.subjectFinance
dc.subjectPrivatization
dc.subjectRegulation
dc.subjectRisk
dc.typeArticle
dc.contributor.departmentPUBLIC POLICY PROGRAMME
dc.description.sourcetitleJournal of Air Transport Management
dc.description.volume8
dc.description.issue5
dc.description.page289-300
dc.identifier.isiut000177312900004
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