2011_Painel/Panel 6_David Stewart - IATA

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Investimento privado em aeroportos | Private investment on airports

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2011_Painel/Panel 6_David Stewart - IATA

  1. 1. BUILDING AND EXPANSION OF AIRPORTS Private Investment David M. Stewart Head of AirportsAirport Infra Expo 2011 1 April 2011
  2. 2. Outline Background Principles Pi i l Value for Money Lessons LearnedAirport Infra Expo 2011 2 April 2011
  3. 3. Background – typical models Sale Long t L term leases lAirport Infra Expo 2011 3 April 2011
  4. 4. Background – Sales London - BAA Copenhagen C h Vienna Auckland (NZ)Airport Infra Expo 2011 4 April 2011
  5. 5. Background – Leases Athens (ATH) Sydney (SYD) S d Buenos Aires (EZE) Lima (LIM)Airport Infra Expo 2011 5 April 2011
  6. 6. Principles – Evaluation p Vision (what do y want to ( you achieve?) Look Ahead (Master Plans) L k Ah d ( )Airport Infra Expo 2011 6 April 2011
  7. 7. Principles – Quantification p Describe vs Prescribe “Performance Spec” = VisionAirport Infra Expo 2011 7 April 2011
  8. 8. Principles – Qualification p Describe WHAT you want y to do, not HOW to do it. Procure expertise Consult and LISTEN C lt dAirport Infra Expo 2011 8 April 2011
  9. 9. Principles - Discussion Consultation + Transparency = Value for MoneyAirport Infra Expo 2011 9 April 2011
  10. 10. Value for Money Customers vs Business P t B i PartnersAirport Infra Expo 2011 10 April 2011
  11. 11. Value for Money - Customers The ultimate consumer Guests and visitors G t d i it Consume and pay for the product offering (commercial, retail, etc) il )Airport Infra Expo 2011 11 April 2011
  12. 12. Value for Money – Business Partners Mutually self sustaining y g Work together to build each others’ b i th ’ business Use the infrastructure and pay the rentAirport Infra Expo 2011 12 April 2011
  13. 13. Value for Money – Business Partners Consult and LISTEN MANDATE this activity thi ti itAirport Infra Expo 2011 13 April 2011
  14. 14. Value for Money – Business Partners (Airlines’ view) Pay US$ 42 Billion per year (incl ANSP) Aeronautical revenue = US$ 27Billion $ Direct impact on route profitability / growth Worth consideration (i.e.: mutual benefit)Airport Infra Expo 2011 14 April 2011
  15. 15. Value for Money – Regulation INDEPENDENCE Incentivize the “right” behavior ( (service, efficiency, etc.) , y, ) Service focus (describe not prescribe)Airport Infra Expo 2011 15 April 2011
  16. 16. Value for Money = Consultation Agreed investment (B i (Business C Cases) ) Benchmarking Efficiency targetsAirport Infra Expo 2011 16 April 2011
  17. 17. Value for Money = Long Term p g pricing (stability) g( y) Service Level Agreements Independent RegulationAirport Infra Expo 2011 17 April 2011
  18. 18. Lessons Learned Pre-financing = ineffective investment Ineffective regulation = g unsustainable business modelsAirport Infra Expo 2011 18 April 2011
  19. 19. Lessons Learned Consultation = mutual success Transparency = mutual T t l sustainability y Effective regulation = ongoing consultation = growth l i hAirport Infra Expo 2011 19 April 2011
  20. 20. Lessons Learned Involve the Business Partners Acquire p q professional, , effective, knowledgeable management Apply good governance Maintain “involved” regulatorsAirport Infra Expo 2011 20 April 2011
  21. 21. ThankTh k you.

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