Federal Airports Corporation

Federal Airports Corporation

The Federal Airports Corporation (FAC) was a business enterprise of the Government of Australia responsible for the operation of major passenger airports in Australia. At the beginning of 1997 the corporation operated 22 airports and handled over 60 million passenger annually.cite web
url=http://books.google.com/books?id=f6PfIjuygMIC&pg=PA31&lpg=PA31&dq=%22Federal+Airports+Corporation%22&source=web&ots=NlxXmM8nAq&sig=S9LzYvLQjQifnpHKkqxhkgEOzJU&hl=en&sa=X&oi=book_result&resnum=4&ct=result
title=Managing Airports
author=Anne Graham
publisher=Butterworth-Heinemann
year=2003
ISBN=0750659173
page=page 31-34
accessdate=2008-09-27
]

It was established by an Act of Parliament in 1987 and commenced operation in January 1988. [cite web
url=http://search.informit.com.au/documentSummary;dn=536684878363100;res=IELENG
title=The Federal Airports Corporation: The Infrastructure Challenge
author=Kiel, EE
ISBN=0858255227
work=1991 International Transport Conference: Transport Shaping Australia - Issues and Opportunities; Preprints of Papers
publisher=search.informit.com.au
accessdate=2008-09-27
] Discussion of the privatisation of airport operation in Australia commenced in the early 1990s, with a firm decision made in 1996. Each airport would be leased to an individual operator for 50 years, with an option for a 49 year extension. On June 30, 1998 all significant assets and liabilities of the FAC were transferred to the new airport lessee companies. However, the FAC continued airport operations until September 24, 1998 and the transfer of residual assets and liabilities to the Commonwealth of Australia was not completed until September 8, 1999. [cite web
url=http://www.infrastructure.gov.au/department/annual_report/1998_1999/OutputClass2.aspx
title=Airports
work=Department of Infrastructure, Transport, Regional Development and Local Government: Annual Report 1998-1999
publisher=www.infrastructure.gov.au
accessdate=2008-09-27
]

References

Further reading

*Eades, Jim. (1998) "Reshaping Australia's Aviation Landscape: The Federal Airports Corporation 1986-1998." Focus Publishing.


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