IATA asks Japan to move on airport privatisation
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The International Air Transport Association (IATA) said Japan needs make the privatisation of its Japan’s airports an example of global best practice.
Addressing the international business community in Japan, IATA’s Director General and CEO, Giovanni Bisignani, said: “I don’t care who owns the airport. That is for politicians to decide. For the economy, an airport is important for what it delivers.”
He said airports need to deliver on three fronts: deliver adequate capacity to ensure that markets are well served; ensure service levels that meet customer expectations and at prices that reflect efficiency.
“It is not rocket science. It is just good business,” said Bisignani.
He said providing the right incentives was the most critical part of the privatisation process.
“We have seen too many privatisations fail because governments sold the crown jewels without appropriate guidance and incentives for the new owners.
“Effective and transparent economic regulation is in the interest of everybody, including the potential new owners,”he said.
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