How The FAA Reauthorization Law Supports Airport Leasing
Law360 (October 29, 2018, 2:43 PM EDT) -- Provisions in the Federal Aviation Administration reauthorization recently passed by Congress and signed into law by President Donald Trump significantly enhance the ability of U.S. public entities to obtain the operational and financial benefits of private airport management by leasing airports to private airport operators.
Over the past three decades, starting with the British government's spinoff of all of its major airports to a newly created private entity in 1987, the shift of airport operations from public entities to private operators has become widespread throughout the world. Following the United Kingdom, Australia leased all of its major airports to private operators...
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