Mirko Tatalović, Jasmin Bajić, Vedran Šupuković
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AIR TRANSPORT PRIVATIZATION TRENDS
Abstract: It is important to consider basic principles, practical results and consequences, in order to understand practical results and consequences of privatization. In case of airline privatization trends, it is obvious that this process is very intensive, but without guarantee for success on the air transport market. Analysis of the European airlines members of Association of European Airlines in the period 1991-2015 is confirming trends of privatization for solving the problem of “distressed state airline syndrome”, Airline foreign ownership and control rules is one of the limiting factors in privatization processes worldwide. Procedures and principles for the privatization process of airports and air navigation services are in accordance with ICAO’s standards and recommended practices.The ownership structure is not the central issue of an airport privatization with different structure of solutions in practice. In the sector of Air Navigation Services or Air Traffic Control, privatization is not so frequent but still existing. From government perspective, it is important for the selected operator to be well reputed, financially stable and experienced enough. Analysis of air transport privatization points out complexity of different options in process of sustainability in very dynamic global changes and challenges on the aviation market.
Keywords: Air transport, privatization, airlines, airports, air navigation services.