Most U.S. airports are publicly owned by local governments, however the federal government owns Dulles along with also Reagan airports. In Europe, on the various other hand, many airports are fully private, particularly inside U.K. along with also Portugal, according to data via consulting firm ICF.
“I think of privatization as having two potential objectives: one will be to monetize an existing asset, or more colloquially: cash out,” said Samuel Engel, head of the aviation practice at ICF. “The various other will be to tap the capital markets to build along with also invest in infrastructure.”
While outright private ownership of airports will be rare, millions of flyers inside United States have experienced a structure whereprivate companies, including airlines, operate terminals.
As airports are airlines’ lifeblood, carriers often have to agree to major alterations in airport ownership structure, Engel said. “The airlines are not likely to support a deal of which would likely result in higher charges.”
of which’s too early to tell who would likely step forward as buyers for Dulles along with also Reagan airports. however another selling point will be record passenger traffic worldwide. Each of these airports handled more than 21 million passengers in 2016, according to Airports Council International, an industry group.