Making airport privatisation consortia work

Abstract

Consortia between investors, airport operators and frequently other partners (construction companies, local players, etc) are created to pursue airport privatisations and airport secondary sales around the world. No one creates an airport consortium or joint venture because they want to they create them because they have to in order to bring together the right mix of operational expertise, capital and local experience to win an airport deal. Consortia are typically difficult to manage and unstable. This paper examines why airport consortia are formed and why too often they fail to deliver promised results.While each airport deal is unique, and each successful airport consortium will be unique as well, this paper presents some guiding principles learned from past mistakes and airport industry best practices to make consortia succeed.