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Airport Privatization Pilot Program - FAA - faa

Airport Privatization Pilot Program - FAA - faa 2025

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The document outlines the final application procedures for the Airport Privatization Pilot Program established by the Federal Aviation Administration (FAA) under Section 149 of the Federal Aviation Authorization Act of 1996. It details the process for public airport sponsors to apply for exemptions from certain federal requirements when privatizing airports, including eligibility criteria, application timelines, and evaluation standards. The program allows up to five airports to participate, with specific conditions regarding public access, safety, environmental impact, and financial oversight. The document also addresses public outreach requirements and the roles of private operators in maintaining airport operations post-privatization.

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What is the main reason for privatization?

Reasons for privatization include cost reduction, risk transfer, a source of revenue, the desire for a higher level of service, a need for greater expertise, and flexibility. Commonly used methods of valuing public assets include net present value, internal rate of return, and multiples.

What is the benefit of a private airport?

The Pros and Cons of Private Airports Private airports are generally less crowded and busy, which means youll have fewer lines and delays overall. Fewer passengers on your private jet means you wont have to wait for a lot of people to board, and youll have much more personal space once youre in the air.

What is privatization in aviation?

Privatization refers to the shifting of governmental functions, responsibilities, and sometimes ownership, in whole or in part, to the private sector. With respect to airports, privatization can take many forms up to and including the transfer of an entire airport to private operation and/or ownership.

Why are airports privatized?

When private equity funds buy airports from governments, the number of airlines and routes served increases, operating income rises, and the customer experience improves. A key metric of airport efficiency is passengers per flight.

What is the FAA airport privatization pilot program?

In 1996, Congress established the Airport Privatization Pilot Program,2 renamed the Airport Investment Partnership Program (AIPP) by the FAA Reauthorization Act of 2018 (P.L. 115-254), to explore the prospect of privatizing publicly owned airports and using private capital to improve and develop them.

What is an example of an airport privatization?

To quote an example, London Heathrow Airport and London Gatwick Airport had been sold off by British government. These airports are now owned by private enterprises who can decide to sell these airports as their own assets if they decide so.

When did the FAA implement a pilot program on private ownership of airports?

Congress established the Airport Investment Partnership Program (formerly Airport Privatization Pilot Program) in 1997 to explore privatization as a means of generating access to various sources of private capital for airport improvement and development.

What are the reasons for airport privatization?

The primary economic argument for the privatisation of airports is that private companies can reduce the costs of operating them and achieve other improvements. The basis for this assertion is the existence of a profit motive for a private firm, which is absent within most public systems.

Airport Privatization Pilot Program - FAA - faa 2025

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