Airports need to invest in infrastructure to meet future demand as air traffic continues to grow rapidly. By 2040, global traffic is expected to be more than 22 billion passengers and to grow at an average annual rate of 4.5%.
This document will provide information concerning:
- Trends in airport privatization
- Governments’ options for privatizing airports
- The privatization process up close
- Incentivizing the private sector to invest in airports
- Case studies
The economic sustainability of the airport industry is dependent on the capacity of airports to recover their aeronautical costs from the users, in line with national legislation and ICAO’s Policies on Charges for Airports and Air Navigation Services in Doc 9082. As such, airport operators are committed to ensuring the right level of transparency when charges are set and to carrying out consultations with aircraft operators in a structured and meaningful way. With the objective of giving airport operators guidance in optimizing their results in effective charges consultation with their airline customers, the ACI Recommended Practices on Transparency and Consultations with Airlines on Setting Airport Charges are meant to be aspirational. They demonstrate the commitment of the airport industry to engage meaningfully with the airlines and build the right level of trust with all stakeholders.
This ACI Policy Brief focuses on one specific management model, the airport network, and addresses its role in sustainability of airports with low traffic volume. It provides an overview of the state of airport networks worldwide, based on a robust dataset and inventory of the world’s airport networks. It also puts forth practical policy recommendations to ensure that airport network operation and development is sustainable and beneficial to airlines, passengers, communities and national economies.
The ACI Policy Brief on airport ownership, economic regulation and financial performance aims to provide the state of the industry based on a robust dataset and inventory of the world’s major commercial airports and puts forth several practical policy recommendations to ensure that investment is attracted to the industry. The Brief emphasizes the need for flexibility and consistency in regulatory frameworks that govern airport revenues and capital investments. Specifically, it advocates a move toward well-crafted economic incentives that enables private equity to flow to the airport industry and helps contain the level of risk of such a capital intensive investment.