IATA slams airport privatisation; evolves roadmap for world govts

Governments have not developed a robust business case and there was insufficient meaningful consultation with industry, says IATA chief economist Brian Pearce

Virtually expressing exasperation over the experience of airport privatisation, global airlines’ body IATA has come out with detailed policy measures for world governments to take up so that public money is not wasted.
 

Announcing the conclusion of a major study to quantify the performance of airports before and after privatisation, IATA said there was evidence of “how privatised airports are more expensive than public and that efficiency of privatised airports is not much better than public airports. But unsurprisingly, profits for privatised airports are much higher.” “Clearly the generally accepted perceptions of introducing privatisation have not held true in the