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Primer: Privatization
From time to time, airports or
investors have sought the opportunity to privatize U.S. airports. Unlike the bulk of
the airports in the rest of the developed world, U.S. airports remain in the public
sector. The privatization effort gained a toehold in U.S. government policy when a pilot,
or trail, program was included in Federal Aviation Administration (FAA) Reauthorization
of 1996. While the program authorized
FAA to designate up to five airports, only one airport has been privatized
under the program.