Most of the world's airports are not private, but are owned by state or regional governments, reflecting the immense cost of building them, coupled with the strategic importance they have in national economies and transport systems. Since the 1980s, a number of major global airports have privatised, as questions about the effectiveness of state run airports have mounted.
Russia too is moving down the airport privatisation path, with the majority of Russia's 332 airports owned by the state or regional governments, but with several privately owned or operated by Russian and foreign operators. Given the huge passenger number growth potential, with operational and cost optimization there is significant investment potential, and key market players and industry analysts believe that the 30 major Russian airports will be attractive investment opportunities over the next 5-10 years.
This briefing from Goltsblat BLP (the Russian practice of Berwin Leighton Paisner) details the key issues involved, including the principle privatisation models, outsourcing, contracting and management issues.
To learn more, click 'View Briefing'.