Abstract
The airline and airport business are interlinked and inter-connected and, since air transport is a growth industry, so is the airport industry. According to the global market forecast of Airbus Industrie forecasts that from 2009 to 2028, some 25,000 new passenger and freighter aircraft valued at US$3.1 trillion will be delivered. This rapidly evolving demand is driven by emerging economies, evolving airline networks, expansion of low cost carriers and the increasing number of mega-cities as well as traffic growth and the replacement of older less efficient aircraft with more eco-efficient airliners. These are factors driving demand for new aircraft.
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Notes
- 1.
http://www.airbus.com/en/gmf2009/appli.htm?onglet=&page=. The forecast anticipates that in the next 20 years, passenger traffic RPK’s will remain resilient to the cyclical effects of the sector and increase by 4.7 % per year or double in the next 15 years. This will require a demand for almost 24,100 new passenger aircraft valued at US$2.9 trillion. With the replacement of some 10,000 older passenger aircraft, the world’s passenger aircraft fleet of 100 seats or more will double from some 14,000 in 2009.
- 2.
Id. The forecast states that the greatest demand for passenger aircraft will be from airlines in Asia-Pacific and emerging markets. The region that includes the People’s Republic of China and India accounts for 31 % of the total, followed by Europe (25 %) and North America (23 %). In terms of domestic passenger markets, India (10 %) and China (7.9 %) will have the fastest growth over the next 20 years. The largest by volume of traffic, will remain domestic US.
- 3.
ICAO’s Policies on Charges for Airports and Air Navigation Services, Doc 9082/6, note 34 in Chap. 4, at paragraph 24.
- 4.
Doc 9082/6 Id. paragraph 14 vii).
- 5.
Airport Economics Manual, supra, Chapter 6, para 6.3 at p. 50.
- 6.
Id. paragraph 4.60 at p. 40. It should also be noted that certain concession type facilities are established at an airport to provide services considered necessary for passengers, visitors and/or persons working at the airport. Such facilities may include cafeterias, post offices and tourist information counters. See Airport Economics Manual, note 44 in Chap. 4 at paragraph 6.11.
- 7.
Doganis (1992) at 117.
- 8.
An airport system is composed of two or more airports serving the same major metropolitan area and operated under a single ownership and control structure.
- 9.
An airport network is a group of airports within a State operated under a single ownership and control structure; it can include all airports serving the territory of this State or only some of these airports. Cross ownership of airports in different States or management contracts obtained in different States by an international airport management company can also lead to a form of cooperation sometimes referred to as airport networks, or as airport alliances, but these forms of international cooperation are of a different nature than a network at a national level.
- 10.
The World of Civil Aviation 1998–2001, at Tables 5–6.
- 11.
Outlook for Air Transport to the Year 2005, ICAO Circular 270-AT/111 p. 37.
See also ICAO Assembly Working Paper A32-WP/105 at p. 4.
- 12.
Ott (1999) at p. 53.
- 13.
Pilarski (1993) at p. 207.
- 14.
- 15.
Kesharwani (2002), at p. 160.
- 16.
A/RES/47/171, 22 December 1992.
- 17.
Privatization in the Provision of Airports and Air Navigation Services, ICAO Circular 284-AT/120, March 2002, at p. 3.
- 18.
Hong and Yoo (2000) at p. 3.
- 19.
- 20.
Hatry (1999) at p. 263.
- 21.
Ibid.
- 22.
Update, Airport Privatization, Airports Council International, No. 6 September 1998 at p. 4.
- 23.
Ibid at p. 3.
- 24.
See UN (1993) at p. 12.
- 25.
Which can be a local/national concern, or an international airport managing group, or a consortium associating various interests of which the former two may be part.
- 26.
Privatization in the Provision of Airports and Air Navigation Services, ICAO Cir. 284, AT/120, March 2002, at 8.
- 27.
An example of a management contract is Indianapolis International Airport in the United States which is managed by a private company with multiple partnerships. Ibid.
- 28.
Other countries are Canada, India and various countries in South America and Western Africa.
- 29.
The British Airports Authority was privatized in 1987 as BAA plc.
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Abeyratne, R. (2014). The Airport Business. In: Law and Regulation of Aerodromes. Springer, Cham. https://doi.org/10.1007/978-3-319-04780-5_5
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