Airport Ownership and Regulation - Special Academic Support

Do you need this or any other assignment done for you from scratch?

We assure you a quality paper that is 100% free from plagiarism and AI.

You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)

NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.

NB: All your data is kept safe from the public.

Most modern airports are giant constructions with complex infrastructure and numerous employees necessary to guarantee their stable functioning. Moreover, they can offer a trading place for companies, shops, and retailers to sell their products to passengers. For this reason, it can be a source of stable income and increased attractiveness (Kutlu & McCarthy, 2016). From this perspective, it is possible to assume that ownership by the local municipality seems the most advantageous option for the success of an airport. First of all, it can help the region to evolve. Local people can work in the airport and pay taxes, filling the local budget and creating a pool of financial resources (De la Pena, 2018). Moreover, the construction of an airport owned by the local municipality can help to resolve low employment problems and plan the further development of the labor market in the area.

Furthermore, an airport requires a developed infrastructure to ensure its stable work. The municipality has the authority to plan the further development of the area, local roads, and transport and resolve logistic issues (IATA, 2018). It guarantees that the airport will have the necessary facility and developed infrastructure. Moreover, the owners can provide spaces for other airlines, which will also help to acquire additional financing and improve the current position (Vasigh et al., 2014). From another perspective, airlines might enjoy reduced spending because of the absence of the necessity to construct an airport and support its functioning and infrastructure. The airport can also support the development of the local tourism sphere, which is another advantage for the local municipality (Berti, 2019). In such a way, it is possible to conclude that the given ownership model is the most beneficial one as it helps to resolve regional issues, acquire stable benefits, and create the basis for the further areas growth.

References

Berti, A. (2019). Can airports help lift communities out of poverty? Airport Technology. Web.

De la Pena, E. (2018). A tale of two airports: Public vs. private. World Bank Blogs. Web.

IATA. (2018). Airport ownership and regulation. Web.

Kutlu, L., & McCarthy, P. (2016). US airport ownership, efficiency, and heterogeneity. Transportation Research Part E: Logistics and Transportation Review, 89, 11732.

Vasigh, B., Erfani, R., Sherman, B. (2014). Airport performance and ownership structure: Evidence from the United Kingdom, United States, and Latin America. Journal of Aviation Technology and Engineering 4(1), 4049. Web.

Click Here To Order Now!