Privitization Of Airports Essay -- essays research papers fc

Privatization of airports For 51 course of studys Bergstrom Air specialty founding was menage to fighter fenders, bombers, scout group carriers and reconnaissance jets. It was the first port of recollect for President Lyndon B. Johnson on his trips home to LBJ guessry aboard Air Force One, it was where Chuck Yeager, the first pilot to break the sound barrier, once brought a disabled jet to eternal sleep in an emergency landing. In kinsfolk 1993, in the path of military machine cutbacks Bergstrom Air Force Base was closed. moreover the timing was fortuitous, because the closure came as the metropolis of capital of Texas, Texas was considering where to build a newfangled airport. In 1993, the expected sparing loss to Austin from the Bergstrom closure was estimated at $406 million a year and a loss of some thousand jobs. But with the possibility of utilizing the precedent Bergstrom Air Force Base as an airport the Austin preservation was expected to have an opportuni ty to repercussion and even improve these results from the insensible closure by privatizing the airport. The trend ecumenical toward airport privatization presents an exciting and propellant opportunity for the flying public, governments, operators and investors. The overall advantage of privatization of airports has been seen by the sale of long-run leases for three of the largest airports in Australia for $2.6 billion. Following this success, the giving medication of Australia announced their plans to privatize cardinal more airports. Several Latin the Statesn airports already be in private hands. Major airports in Argentina, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela are already concessi iodind or schedule for privatization over the next two years. small airports in Central America and the Caribbean also are to be privatized. In Europe, a significant fall airports have been privatized and opportunities are imminent in Germany, Portugal and elsewhere. Governments in Southeast Asia, Africa, and the earth over also are growing airport privatization plans. Why has this tag trend emerged and why did the city of Austin choose to act in this capacity? Governments in many cases do not have the pecuniary capacity to invest in airport expansion as intumesce as meet other necessitate of their citizens. They are recognizing that on one hand there are limits to their possess knowledge of, and expertise, in managing airports and, on the other, that such expertise can be provided by others with the effe... ...ith great quest in foretelling whether the actualization of Austin-Bergstrom is as much as a success in the practical as well as it appears to be in the theory. Bibliography Bibliography American Statesman, (1999). Airbase to Airport A model transition Online. functional universal resource locator http//www.austin360.com/news/features/local/0131recycle.html 1999, January 31. Austin360.com, (1998). Airports neighbors hear citys noisy plans. Online. uncommitted universal resource locator http//www.austin360.com/news/features/local/1015noise.html 1998, October 15. matter Center for Policy Analysis, (1999). Privatization trends. Online. Available uniform resource locator http//www.public-policy.org/ncpa/pd/private/priv.html 1999. unify States General Accounting Office, GAO/NSIAD-96-149 - Report to the Chairman, Subcommittee on National Security, International Affairs, and guilty Justice, Committee on Government square away and Oversight, House of Representatives, (1996). August 1996 force BASES - UPDATE ON THE STATUS OF BASES close IN 1988, 1991, AND 1993. Online. Available URL www.gao.gov 1996, August. SFA Gazette, (1999). Military Base Development Online. Available URL www.sfa.com. Word Count 2753 Privitization Of Airports Essay -- essays research papers fc Privatization of Airports For 51 years Bergstrom Air Force Base was home to fighter pilots, bombers, troop carriers and reconnai ssance jets. It was the first port of call for President Lyndon B. Johnson on his trips home to LBJ Country aboard Air Force One, it was where Chuck Yeager, the first pilot to break the sound barrier, once brought a disabled jet to rest in an emergency landing. In September 1993, in the path of military cutbacks Bergstrom Air Force Base was closed. But the timing was fortuitous, because the closure came as the city of Austin, Texas was considering where to build a new airport. In 1993, the expected economic loss to Austin from the Bergstrom closure was estimated at $406 million a year and a loss of some 1000 jobs. But with the possibility of utilizing the prior Bergstrom Air Force Base as an airport the Austin economy was expected to have an opportunity to rebound and even improve these results from the base closure by privatizing the airport. The trend worldwide toward airport privatization presents an exciting and dynamic opportunity for the flying public, governments, operators a nd investors. The overall success of privatization of airports has been seen by the sale of long-term leases for three of the largest airports in Australia for $2.6 billion. Following this success, the Government of Australia announced their plans to privatize fifteen more airports. Several Latin American airports already are in private hands. Major airports in Argentina, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela are already concessioned or scheduled for privatization over the next two years. Smaller airports in Central America and the Caribbean also are to be privatized. In Europe, a significant number airports have been privatized and opportunities are imminent in Germany, Portugal and elsewhere. Governments in Southeast Asia, Africa, and the world over also are developing airport privatization plans. Why has this marked trend emerged and why did the city of Austin choose to act in this capacity? Governments in many cases do not have the financial capacity to i nvest in airport expansion as well as meet other needs of their citizens. They are recognizing that on one hand there are limits to their own knowledge of, and expertise, in managing airports and, on the other, that such expertise can be provided by others with the effe... ...ith great interest in foretelling whether the actualization of Austin-Bergstrom is as much as a success in the practical as well as it appears to be in the theory. Bibliography Bibliography American Statesman, (1999). Airbase to Airport A model transition Online. Available URL http//www.austin360.com/news/features/local/0131recycle.html 1999, January 31. Austin360.com, (1998). Airports neighbors hear citys noisy plans. Online. Available URL http//www.austin360.com/news/features/local/1015noise.html 1998, October 15. National Center for Policy Analysis, (1999). Privatization trends. Online. Available URL http//www.public-policy.org/ncpa/pd/private/priv.html 1999. United States General Accounting Office, GAO/NSI AD-96-149 - Report to the Chairman, Subcommittee on National Security, International Affairs, and Criminal Justice, Committee on Government Reform and Oversight, House of Representatives, (1996). August 1996 MILITARY BASES - UPDATE ON THE STATUS OF BASES CLOSED IN 1988, 1991, AND 1993. Online. Available URL www.gao.gov 1996, August. SFA Gazette, (1999). Military Base Development Online. Available URL www.sfa.com. Word Count 2753