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Secondly, it was ensured that privatization doesnt result in the cost of air travel rising for passengers because the private party would chase profitability. Moreover, veto power was held by the airlines one of the four most important stakeholders of airport privatization and customer of the airport business.
Privately owned and operated airports are prominent examples of companies running traditionally public infrastructure. As of 2020, nearly 20 percent of the worlds airports had been privatized.
Examples: In 2005, the Hungarian state sold 75% of Budapest airport to the English BAA. This model allows public players to transfer the operational management, financing and commercial development of an airport to a private company or consortium following a public call for tenders.
Long-Term Lease or Sale. Full privatization involves the sale or long-term lease of an airport to a private owner or operator.
Additionally, there are 14,850 private airports in the USA, which is an increase from the 11,901 private airports in 1990. So, how many airports are there in your state?
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Federally obligated airport sponsors are required to operate airports for the use and benefit of aeronautical users and to make those airports available to all types, kinds, and classes of aeronautical activities on fair and reasonable terms, and without unjust discrimination.
Luis Muoz Marn International Airport in San Juan, Puerto Rico, is now the only airport with a private operator under the provisions of the AIPP. As of March 2021, there is one other AIPP participantHendry County Airglades Airport, a general aviation airport in Clewiston, FL.
Privately owned and operated airports are prominent examples of companies running traditionally public infrastructure. As of 2020, nearly 20 percent of the worlds airports had been privatized.

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