The US has bucked much of the world by assiduously holding on to the notion that airports are public utilities rather than the moneymaking, privately held facilities they have become over the last quarter century in many major markets around the globe. But there is one significant example of airport privatization in the US. Terminal 4 at New York John F. Kennedy International Airport (JFK) last year marked a decade under the one-of-a-kind (particularly in the US) private-public ...

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