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BSAB – 418 – Airport Administration and Finance
Prepare a 2 - 3 page Case Study.
1. Summarize the privatization program in the U.S.
2. Research privatized airports and comment on what you have found regarding the success and failures of privatized airports. Give specific examples of each.
3. Conclude with your assessment of the potential benefits or harmful impacts on airports, users and communities. Consider airport safety, security, unionization, disadvantaged businesses, customer service, and national/international public airport systems.
4. Use APA formatting. This includes a title page, header, restatement of the title on the top line above the introductory paragraph, and a reference page. All in-text and reference citations must comply with current APA standards.
5. Save your document with a descriptive filename (e.g., activity_2_5_smith.docx) and submit no later than the end of this module week.
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*********** *** *********** ******* ********* *** own ****** lease *** ******* ****** ******** ******** *** **** *************** *** ********* the ****** of ******** **** *** participate from five ** ** The *** ********** *** ** ****** ** to ** public ******* ******** ** sell ** lease ** ******* with certain ************ and to ****** *** ******* **** ******* ******* ************ that ***** otherwise **** ************* *********** *** ******* ***** ** lease holder *** ** ****** **** ********* ** federal ****** *** return ** ******** ******** **** ******* ********** and the *** of ******** **** the *********** **** ** lease ** ** **** *********** *** ******* ******** **** ********** service airports in *** ****** ****** *** ***** *** ******** by ***** ** ***** *********** ********** ******* ******** ******** *** **** ******** *** ********* ***** Under the **** ********** service ******** *** **** ** ****** *** ********* ********* of ***** privatizations ******** ** ******* ******* followed ** * stream ** ******** **** the lease term *** ******* ****** bidders **** proposed ** ******* ***** ********* through * *** of debt and equity **************** in *** privatization *********** ******** *** ********* *********** ************ outlining ************* proposals **** *** ******* *** launch Preliminary ************ **** received from ****** ******** of Stewart ************* ******* ** *** **** Niagara ***** ************* Airport in New **** ****** ********* Airport ** ****** **** *** ***** ***** ***** in California *** New ******* Lakefront ******* ** ********* ******* **** pulled out **** ***** ********** ** ***** there are **** *** ********* airports ** *** ******* *************** Midway ******* ***** * ************** ****** ******* (MDW) a ***** *** ******* hub ******* ***** *** ******** by *** **** ** Chicago ******* more than ** ******* passengers and 253000 ******** ********** **** calendar **** ***** *** **** **** owns and ******** ******* ******** ************* Airport *************** *** **** ** Chicago *** high ********* in ********* * ********* leasing of ****** ******* **** would ****** ********* *** *** ******* stakeholders – including the airlines passengers *** ******* -- ******** * **** *** ********* deal ********** *** process *** **** ******** ********* ** ********** **** ** * *********** could meet *** criteria ** *** conditions **** *** ** *** **** of ******* On ********* 27 *** city ** ******* withdrew *** preliminary application ** ********* Midway ************* ******* (Faagov)Hendry ****** ********* ******* ***** - **************** Airport * general ******** ******** airport ** Clewiston ******* ** ******* ** ***** **** ***** ************* ******* *** airport ** ***** *** ******** ** ****** ****** The ******* *** * ********* runway a ******* ******** terminal *** ******* The FAA approved ****** ********** *********** *********** on ******* ** **** *************** *** ******* ******* ** negotiating ** ********* **** a ******* ************* Muñoz ****** International ******* ***** * SuccessLuís ****** Marín International ******* * medium-hub ******* is ***** *** operated ** the Puerto **** Ports ********* In **** the airport *** ** million ********** ******** The *** ******** *** ************* *********** *********** *** the ***** ****** ****** International Airport on December ** *********** *** ******* ******* ********* * ******* *** Qualifications in **** 2011 *** *** qualified *** potential bidders ** ****** ********* On **** ** 2012 *** ****** Rico ***** Authority ******** ******** ******* ******** ** *** winner ** a ****** ******* process to become the private ******** ** *** **** ***** ***** ************* ******* *** *** **** a public ******* on September ** **** ** **** ******** ** *** ***** *********** *********** to privatize *** airport The *** ******** the final application ** privatize ***** ****** Marín ************* ******* in *** **** ****** **** ** ******** ** **** ******** ******* ******** is operating *** ******* under a ******** agreement with *** Puerto **** ***** ********* (Faagov) Overall *** ***** ******* for ******* ******** in *** ******* *** ** the Airport *************** ******** *** *** program **** *** *********** super majority ************** ********* ******** to ** ******* veto ** any ******** *** *** approval process was ************** *** ********* too **** ***** ** *********** ********** ********* ******** *** ******* ******* ** ************* *********** benefits ** ************* of *** ******* are ****** *** potential benefits of ******* ************* **** ** ********* ********** ******* ****** ******* of capital ************ **** ******** *** ***** governments; *** increased ******** **************** ********** ** *** airport ******* participation ****** ** maximized ** ***** to *** ******** ********** ****** ********* expenses and ******* ********* *********** ************* offers *** *********** for *** ********** ** ****** *** ******* airport ******** **** of the *********** ** ***************** government ******** *** ********** rules ******* *********** *** ********* of airport facilities ******* ** ********** ****** *** ******* ********* *** **** **** ****** ********** capital ******* needs *** declining ******* ******* including **** ** ********* *** ***** funds (Rachel 2014)Local *** state governments ***** potentially benefit **** ************* in two or **** **** ***** ******* ** ******* ** airport to * private ******* ***** ****** ** a ********* ******** for the public ***** ** ******* restrictions ** the *** of airport revenue are ******* ****** ****** owners ***** ****** * long-term ******* ** ****** airports ** their *** ***** **** public owners have actively ****** to ********* ***** ******** specifically ** ******* *********** **** *** ******** of ******* ** leasing their ******** *** ****** ** *** **** ** lease of ******** ** *** federal ************** ****** ***** ********* ** positive ******** federal **** *** ******* ******** remain unchanged Currently privately ***** ******** *** not ******** *** federal ********* ********** ** *** **** of ********** ***** *** *** ************* ****** **** ****** ******** ** *** *** corporate income ***** A privately owned *********** **** ** tax-exempt ****** ***** ****** ** ********** *** receipts *** *** federal ********** Another ******** for ******* ************* is **** ******* firms are **** ********** ** the ***** ** the ******* ******* *** ***** ******* ********* ** enhanced customer ************ ******* 2014)The ******* ******* of privatization ** *** ******* exist Opponents ** ******* privatization ***** **** because ** ******** ******* have significant private ****** *********** *** ******** in ********* ************ from further ************* ***** ** ******* Opponents ******* **** *** ****** ** ********** sought ** ******* ********* would ******* ******* ****** **************** ** airports ** raise ***** *** charges assessed ** ******* ******* *** ***** ******** have ********* **** opposed ** ******** ******* ************* ******* **** ******* **** the existing ****** ** ********** *** ********* US ******** ******* *** **************** ***** *** ***** *********** could ******* *********** from ************* ***** is the **** **** a ******* ******* operator ***** ** bankrupt ** * private ******* ***** ***** bankruptcy *********** *** ***** ** ***** ********** might **** to ******** *** ******* ** ****** that it ********* to be **** ** ** airport Also ********** proceedings ***** ** ****** ****** ** ******* * ****** owner **** ********* *** lease **** a private ******** (Rachel2014) ******* ****** ****** could ******** ** airport ************* ******* airline *********** If privatization ***** to higher ***** ******* ** * ****** ** ******* ***** *** ******* ****** or ******* ********* *** ******** **** increase ***** also ***** ** ****** ******* *********** *** ******** fares *** previously ***** **** ******* *********** ******* ******** ** ******* various ******** had ******** ** ****** ***** (Rachel ************** ** ******* ************* counter that ********* ******* ************* ***** result ** ******* ************** to *** ****** ********* ************* could ************* ****** ****** ******* **** ******* ********** ***** would *** ** ** *** **** ********* ** *** public ******* *** ****** ***************** ********** ***** ************* ******** benefits ***** **** be risks **** **** along with ** *** ******** *** ***** ********** **** ***** ********* when *********** ************* ** ***** ******* ** **** *** handled ********* ** will ****** ** losses ** *** ***** *** affects the ****** faith ** *** ***************************************************** *** ****** ************* ** ** ******** *** ed **** *** ** *** 2015Faagov ******** ************* ***** Program *** ********* *** 21 Aug ******** M ******* 'Airport Privatization ******** ** The **** Century' Opensiuclibsiuedu ** 2013 Web 22 *** 2015Privatization * ****** ******* ** ***** *** ********** 1st ed **** *** ** *** ********** Y Tang ******* Privatization: ****** And ******* For ******** *** ed **** Web ** *** ****
