Airport Privatisation in Australia: A Tale of Three Cities

Chris AULICH

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    Abstract

    This article addresses the performance of three Australian airports since they were privatised by divestment. They represent cases of divestment in a monopoly environment, with ownership arrangements for each airport varying markedly. The performances of the divested airports are considered using both financial and non-financial data. There are significant implications for future divestment policies, including the value of divestment as a policy response of governments in less competitive environments, the use of particular infrastructure investment models, and the nature of the linkage between ownership structure and financial performance.
    Original languageEnglish
    Pages (from-to)1-11
    Number of pages11
    JournalApplied Finance and Accounting
    Volume1
    Issue number1
    DOIs
    Publication statusPublished - 2015

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