TWELVE MONTHS AGO, AEROPORTS de Paris initiated its oft-delayed privatization process with the sale of 32.8% of the company. In addition to raising €1.12 billion ($1.44 billion) for the French airports operator and the government, the IPO raised the ire of otherwise reserved Air France KLM Chairman and CEO Jean-Cyril Spinetta. In a rare series of public outbursts, he openly disapproved of the privatization that led to a new Economic Regulation Agreement for the 2006-10 period permitting a ...

Subscribe to Access this Entire Article

"Public Monopolies, Private Profits" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.