Abstract Recent years have seen a global trend towards the emergence of multi-airport companies operating at a global scale. This paper employs industrial and transaction costs economics to identify the main drivers that shape the patterns of international cross-ownership structures that have emerged in the airport industry. In addition, implications for competition and competition policy are drawn.
Research highlights ► This paper employs industrial and transaction costs economics to identify the main drivers shaping the international cross-ownership structures in the airport industry. ► While there has been consolidation of airports through mergers less formal arrangements are uncommon despite the ease with which even international alliances can be formed. ► Mergers largely seem to be driven by considerations of efficiency, for example relating to transfer of know-how, rather than for narrow rent seeking purposes.
Airport alliances and mergers – Structural change in the airport industry?
Journal of Air Transport Management ; 17 , 1 ; 49-56
2010-01-01
8 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Airport alliances and mergers - Structural change in the airport industry?
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