Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
Chapter 7Airline PrivatisationThe trend towards the privatisation of government owned assets gathered pace during the 1980s, as part of overall econom Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2mic programmes introduced by more capitalist governments. This was encouraged by aid agencies such as The World Bank, the Asian Development Bank and the European Bank for Reconstruction and Development. Policies pursued by the latter became increasingly influenced by the USA, their major donor count Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2ry.The justification for privatisation was both strategic and financial. Strategic reasons encompassed:•Reducing the involvement of the state in the pEbook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
rovision of goods and sen ices.•The promotion of economic efficiency.•The generation of benefits for consumers.•The promotion of an enterprise cultureChapter 7Airline PrivatisationThe trend towards the privatisation of government owned assets gathered pace during the 1980s, as part of overall econom Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2of cash with which to reduce their budget deficits, allow room for reducing taxes, or shift the financial burden to the private sector. Ilowever, it is not entirely obvious that an airline would be a financial burden, once it had been prepared for privatisation. Furthermore, while these policies may Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2 have looked attractive in the short-term, they might, in some cases, have resulted in fire sales of quality assets at low prices which effectively trEbook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
ansferred wealth from the population as a whole to those who were lucky enough to be allocated shares in the newly privatised company.This chapter focChapter 7Airline PrivatisationThe trend towards the privatisation of government owned assets gathered pace during the 1980s, as part of overall econom Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2tion before privatisation. This is discussed in some depth by Doganis, with particular reference to Olympic Airways, an airline which he chaired during its preparation period.1The average government stake in the largest 25 international airlines was 28 per cent in 1996, 19 per cent in 2001 and 16 pe Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2r cent in 2005 (ranked and weighted by international RTKs in each year). This reduction was caused by the governments of Germany, France, Italy, SpainEbook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
and the Netherlands all reducing significantly their shareholdings, offset to a small extent by the Malaysian Government re-nationalising130Airline FChapter 7Airline PrivatisationThe trend towards the privatisation of government owned assets gathered pace during the 1980s, as part of overall econom Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 296).The trend towards airline privatisation began over the period before 1996, but was mainly in these top 25 airlines: this is evident from the reduction in average government stake for these airlines from 48 per cent in the early 1980s, with the privatisation of British Airways, JAL, KLM, Qantas, Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2Malaysian and Air Canada.Table 7.1 Government shareholdings (per cent) in top 20 international airlines, 2005International RTKs (million)% governmentEbook Airline finance (Third Edition) – Peter S. Morrell: Phần 2
owned1Lufthansa1871002Singapore Airlines1544756.43Air France*1520004British Airways1452805Korean Air1344906Cathay Pacific1280907KLM*1167208Japan AirliChapter 7Airline PrivatisationThe trend towards the privatisation of government owned assets gathered pace during the 1980s, as part of overall econom Ebook Airline finance (Third Edition) – Peter S. Morrell: Phần 2nes7297016Malaysian Airline System645769.317Thai Airways62985418Federal Express5695019Air Canada55880Chapter 7Airline PrivatisationThe trend towards the privatisation of government owned assets gathered pace during the 1980s, as part of overall economGọi ngay
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