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Amsterdam delays decision on privatisation of airport operator.

AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD

A decision on the privatisation of airport operator Schiphol Group will not be made until late September, according to the city of Amsterdam, which has the power to veto the privatisation plans.

According to Reuters the delay will cut the time that the Dutch government has for selling a stake in the airport operator. If finance minister Gerrit Zalm is unable to sell a minority stake in the company before the general election in the Netherlands on 22 November the plan may be cancelled by a new government.

The Labour party, currently in opposition, is against the privatisation plans and the party is reportedly currently leading opinion polls for the election.

The Schiphol Group also holds stakes in Brisbane Airport, Australia, and Terminal 4 of New York's John F. Kennedy Airport.

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Comment:Amsterdam delays decision on privatisation of airport operator.
Publication:Airline Industry Information
Geographic Code:4EUUK
Date:Aug 16, 2006
Words:151
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