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An examination of risk transference in air transport privatization
journal contribution
posted on 2009-03-13, 10:09 authored by Ian M. Humphreys, Graham Francis, Stephen IsonThis paper reassesses the notion of risk transference resulting through the introduction of
private sector involvement in air transport. The paper challenges the belief that a change in
ownership not only transfers the possible financial benefits from ownership but also the risks
in question. While the new shareholders’ investment will be exposed to risk, it is becoming
clear from the responses by governments to a series of recent crises that they have not freed
themselves from all the associated risks. The purpose of this paper is to explore the issue of the
transfer of risk in terms of the privatization of the air traffic control system in the UK. The
authors conclude that governments and capital markets have been bearing a bigger risk than
they originally thought.
History
School
- Architecture, Building and Civil Engineering
Citation
HUMPHREYS, I., FRANCIS, G. and ISON,S., 2003. An examination of risk transference in air transport privatization. Transportation Quarterly, 57 (4), pp. 31-37Publisher
© Eno Transportation Foundation, Inc.Version
- NA (Not Applicable or Unknown)
Publication date
2003Notes
This article is Closed Access. It was published in the journal, Transportation Quarterly [© Eno Transportation Foundation] which is available from: http://www.enotrans.com/ISSN
0278-9434Language
- en