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AIR TRANSPORT ASSOCIATION ISSUES STATEMENT ON PRIVATIZATION

 AIR TRANSPORT ASSOCIATION ISSUES STATEMENT ON PRIVATIZATION
 WASHINGTON, April 29 /PRNewswire/ -- Air Transport Association President Robert J. Aaronson issued the following statement in response to reports of Bush administration plans to promote privatization of government funded infrastructure:
 The airlines are vitally concerned about anything that could raise airport costs and therefore the cost of air travel. For that reason, we have urgently requested that the complete privatization or outright sale of airports be excluded from the administration's privatization policy.
 The relationship between airports, their concessionaires and airlines already represents one of the most sophisticated examples of public/private partnership in the nation today, and there is plenty of room for more healthy privatization of this type. This partnership has prospered in large measure due to the reinvestment in the airport of virtually all revenues generated there. It has kept costs down for the passenger and shipper. Thus it is vitally important to the future health of our airport system that the existing balance of interests be maintained and that airport revenues remain within the airport system.
 To allow total privatization of our airports could place them at risk of being destabilized or plundered by uncontrolled, competing interests. There is no evidence that the leveraged buyout of an airport would result in anything other than higher operating costs and consequently higher airfares.
 -0- 4/29/92
 /CONTACT: William E. Jackman, vice president, communications, Air Transport Association, 202-626-4000/ CO: Air Transport Association ST: District of Columbia IN: AIR SU:


MH-DC -- DC036 -- 4563 04/29/92 16:20 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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